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HC - For the sake of product validity and reputational read across to their other products,
NCYT have no choice but to see DHSC claims vanquished.
In November 2020, TVG deemed the tests should not be used and the kits were never rolled out across the NHS.
He said that Exsig tests were analysed in seven NHS laboratories, six of which found a failure rate higher than 10% - including four reporting a failure rate of 25%.
Now, if Novacyt has to win this case then they have to prove TVG and 6 NHS labs were wrong which in all honestly might be a difficult task!!
So
"The court will also hear an application by the DHSC for summary judgment in relation to one aspect of its claim, as part of which the DHSC is seeking judgment." The following is the 'one aspect of the DHSC claim which is the summary judgment':
"Exsig failed at an unacceptable rate due to design and/or manufacturing defects and therefore lacked robustness", Mr Heppinstall told the court.
He said that Exsig tests were analysed in seven NHS laboratories, six of which found a failure rate higher than 10% - including four reporting a failure rate of 25%.
Mr Heppinstall said the tests kits were "unfit for public use" putting the companies in breach of the contract."
+++
If Twigger demolishes this claim, (and NCYT has always been clear their tests were not at fault),
I'm not sure there's much else in the DHSC ammunition locker.
Let's be honest, there's a huge power imbalance here. The DHSC could always see it through to at least this point in time whereas ncyt constantly had choices to make, hold their ground and take the significant hit to share price and the complications that can come with that or back down and concede.
So the fact that we're even at this stage proves that Novacyt truly expects to win whereas for the DHSC most likely it's simply that they haven't had any incentive to back down earlier...that doesn't mean they see it all the way through to trial in June though.
Sorry phone jittered
Haha..harchris..great minds think alike
Haha..
Lactic...I have said all along the reason they pursue small UK companies is because they can
They would have no hope pursuing Chinese or Turkish companies that sold crap.
We all know it.
So they can use chasing after small UK companies that were doing their best to help out as a pr stunt..to say oh look how we are robustly chasing after wasted money.
The thing is the test passed ctda .
It looks like it is going to court
So DHSC how does that line up with this:
https://www.lse.co.uk/rns/NCYT/approval-of-exsig8482-covid-19-direct-test-in-the-uk-bvmwqxzelcoyade.html
16.06.2022 RNS -
"On 15 June 2022, the Company filed a defence of the claim received on 25 April 2022 and a counterclaim of £81.5m against the DHSC. The value of the counterclaim is broadly in line with the amounts previously announced by the Company in its full year 2020 results, plus related interest."
AFAIK we are seeking £81.5m + interest. not the £69.7 m mentioned in this article.
Reading between the lines, the DHSC application for summary judgement has been rejected.
Failure rates of 10-25% they reckon !! Yet the Chinese crap they thrust on us had failure rates upto 70%.
They spent billions on china crap so why aren’t they pursuing them .
Seems like government is going to fight tooth and nail to win this. What will happen in the event Primer Design Ltd and Novacyt losses the case?
Can they pay £145m and get on with selling ranger which is a good product?
"Testing Isn't Going Anywhere"
Directed to WBAFC
If they were to make a movie about NCYT and all the Covid tests and dispute i think the Doc in The Back To The Future movies could play you !!
If we win dispute we all be happy as Larry Larry
That just happened to be a one off Wilson.
Never sold another one and although greatly enjoyable over 20 years and a lot of success, I wouldn't want to calculate the plus and minus columns.
A bit like Novacyt, but hopeful the Plus column may outweigh the Minus one in the coming weeks.
Ventura, looks like a good sale on your part, I don't rub shoulders with the likes but once almost let a room to Miguel Jimenez who made the cut at Birkdale!!
Tomorrow is the start of LR era as CEO.
We should get news of how Novacyt will develops its growth trajectory.
1. Cash 130M+
2. Future significant contracts
3. Director buys
4. Further acquisitions
5. R&D news
6. News of progress of biosensor
Can't imagine that there shall be an after hours RNS, an opportunity for Lyn Rees to put his name upon the announcement from Tomorrow.
True dat!
Lol
That would be unethical Captain..lol
V..i am sure she would love to hear from you again...and get sh view on things!..lol
Ha :)
Shame I lost contact K.