Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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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?
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 .
Reading between the lines, the DHSC application for summary judgement has been rejected.
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.
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
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
Haha..
Sorry phone jittered
Haha..harchris..great minds think alike
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.
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.
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!!
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.
B2 we don't know if there could have been some sort of settlement early on with neither party taking responsibility, that's my guess anyway, yet Novacyt appear to have played hardball from the start refuting the claims outright then suing right back.
HC - and thats because the NCYT reputation was and still is at stake.
The hearing is set to continue at the High Court.
Does anyone know where and which court the case will be heard tomorrow. I will go and listen
"Faced with that difficulty, the government is attempting to mount a rearguard action in the form of this 'robustness' claim, which on analysis is unsustainable."
The first part of sentence deals with the summary judgement rejection. What does second part mean regarding 'robustness and 'unsustainable' any thoughts anyone.
Amers,
From caseboard - DHSC v Primerdesign
30 Apr 2024 09:30 Pre trial review/application hearing
Mrs Justice Jefford.
Court 25.
It stated in caseboard that the hearing was for 1 day, so 'continue at the High Court' possibly means 10 June,
Primerdesign case must go to court.
That's all the hearing was for - to test whether a court case was necessary.
B2h so we r going to Court in June?
So why have we not heard from the company about developments.
Awaiting 7am RNS, - we found out about the hearing in an RNS.
If they were serious about a 1 day only hearing, and DHSC have given it their best shot at a summary judgement, then yes, the DHSC sj has failed, and Primerdesign must be given the chance to prove the DHSC testing regime was faulty as stated by Twigger.
B2 what are you hoping for then at 7am? An rns saying that the summary judgement has been thrown out?
I'm expecting an RNS stating the results of the summary judgement and the implications on DHSC and Primeredsign / Novacyt.
The company said they would keep us informed.
19/4 RNS "The Company will announce the outcome of the application in due course."
If they are not all done with the sj, we might not get the RNS.
Question for all Should one be worried about the case. I have all my saving/Pension in one Pot. I am expecting £3.50 from this.
Fyi, France is closed tomorrow.