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PI100 you are relentless with your one liners. You should be on stage in the comedy store. Why not just please give it a rest for your own wellbeing if nothing else. Thanks.
Needs to be invested quickly given the burn rate
It's another nothing trading update. Cash burn a little higher than one would ideally like but hopefully we'll see that translate into organic growth soon. Still £50m to invest post Yourgene acquisition.
Morning taverham are you accidentally or deliberately ignoring ygen's trading update from today
P.s the other two comments are green boxes to me.
Interesting RNS from ygen this morning
Seems to me that interest on cash in bank will produce more revenue than the rest of the business- time to wind it up imv and return the cash to shareholders!
£5m cash burn in 6 months.
£7.1m opex
Board out, now
Here comes the dump then.
3.3m revenue in 6 months.
Wilson, no probs, it's certainly better than having a bloody great needle stuck into you belly, and all the dangers that come along with amnio.
Davand even better ten weeks
https://yourgenehealth.com/our-services/our-tests/reproductive-health/prenatal-screening/trisomies-by-nipt/
Tks for your input again helps navigate round things.
They can test for this at around 12 weeks I believe. It's not a pregnancy test kit.
Nipt is a simple blood test that does away with the dangerous amnio centesis method.
They are producing a pregnancy test that is an advancement on peeing on a stick. Definitely preferable but not comparable.
Not sure what Israel has to do with it?
Giz, totally different type of test. Ygens Iona Nipt tests for things like down syndrome.
Hi davand....haven't Abbingdon gone into production of pregnancy test ... Sold off shelf through superdrug ....Israel always a srtep ahead .....rock scissors paper ..context
Kaeren, Ncyt will already have a slice, and this will only get better, especially if/ when the Ranger technology gets more traction. It was only soft launched last year and it's already pulling in multi millions. I'm sure you'll hear the term "size selection" plenty more when you take over.
According to Rees, a lot of the bigger boys are or have left the Nipt scene. Some patent litigation with one or two companies, not ygen though.
Tks Davand, for those interested here is the original agreement Rns from 2018 note that it is using Yourgenes previous name but still with LR at the helm
https://www.lse.co.uk/rns/YGEN/legal-settlement-licence-agreement-with-illumina-a4n7ysuwfdpav6e.html
Wilson, he won't want to rock the boat. He has his preferred deal with Ncyt. Doesn't want other potential suitors to come sniffing.
Also they have Ambry genetics in the USA who are selling Ygens Nipt tests. Big company Ambry. Should do well.
Eye-watering, a slice would be nice.
https://www.vantagemarketresearch.com/industry-report/prenatal-genetic-testing-market-2144
Exmex that's an interesting read Tks
Davand, do you know why(as yet?)
Iona is not available in USA? as it seems a really good product.
Hi KT, it's worth having a look at the Vantage Market Research report into the prenatal genetic testing market.
For a bit if clarity Ygen make a Nipt test that works on the Illumina and Thermo Fischer sequencing platforms. Those two massive companies control over 90% of the globe and Ygen have a product that works on both platforms, unique to Ygen, nobody else has this.