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And Trickymatters - not forgetting - just how well the UK is respected (when it comes to this sort of product) around the world - This is a massive world market. And we have 15 countries on the go - stuck our toes in the warm waters of Senegal and are about to take a dive into the great flow that is the Ganges. GLA - buckle up
£5 billion to underpin our whole testing strategy for the next two years. £5 billion. ODX have 5 tests. The RTC antibody POC could be the blockbuster but we are going to be producing an antigen POC, and several lab tests including an antibody lab test with Mologic. The UK market looks more secure in terms of the scale of the government intention and the two year timeline is surely de-risking again. Once those contracts start going out whoever wins them is going to attract some serious investors. I am already doing better than my own pension fund this year. I can't see that we won't get the antibody poc contract. I hope the broker stops being a knob when we start winning big.
Yet another one here.
Now who would have guessed that Norfolk was likely the investment capital of ODX?
Whilst i agree ODX - RTC Test is a lateral flow (at home test) that brings massive advantage - especially with regards to mass testing to establish 1. Where the virus has been and 2. How immunity works
It seems to ignore the fact we do (or will be) indeed be producing lab tests - with the Mologic partnership
Add to that - the massive game changer that will be lateral flow (at home test) for Antigen that is being developed and the ODX will manufacture - see it now - quick testing to really control spread, random work testing, port of entry testing - but whats not really covered yet - port of exit - dont get on a plain, train, ship in the first place if you're infected
And if this is all as big as suggested and this virus is here for a while / to stay then capacity could be increased again and possibly be funded out of the growth in income without further dilution / placing - but don't really mind if there is as it brings in far more potential income than cost. Whats the real potential MC - GLA
What UK-RTC/ODX will be producing is a POC test. It doesn't require a lab. That's the beauty of it and why reliable POC tests are so sought after. Yes, testing for Covid19 will be with us for some time but that will increasingly be on the basis of POC rather than lab-based tests (which will be reserved primarily for those who are symptomatic and admitted to healthcare settings).
The procurement announced was in relation to lab-based testing (primarily PCR). It's being undertaken because the UK public health realm has faced severe under investment in the last 10 years or so, which meant it was ill-equipped to deal with Covid19 - and would collapse entirely if we get hit with an emergent strain like G4 (if it transfers to humans).
The procurement isn't directly relevant to UK-RTC/ODX, although it might have a knock on effect as any health related 'good news' investment story tends to have a vicarious effect.
I've invested heavily in ODX because, as part of the UK-RTC it will be producing a gold standard POC test. It's a long term keeper.
Regulator , the guardian article is saying money coming in to build a mass testing facility uk for lots of tests, this is not going to be restricted to pca virus testing . This shows testing is here for yrs to come
Block16legend is correct.
The notice relates to the Lighthouse labs and the testing kits/equipment to support those. It’s about PCR testing - not POC ELISA testing.
This is important , this shows testing is only going to get bigger and bigger . So much for those saying covid is a one year wonder , this shows the sales for covid and antibody testing will continue and ramp up testing massively . This is really big news for covid stocks and must be good for omega
Yep, gob smacked if they haven’t as part of the RTC at least applied to this
https://ted.europa.eu/udl?uri=TED:NOTICE:263375-2020:TEXT:EN:HTML
That’s the notice.
Bottom line, they want to have the whole testing infrastructure in their back pocket. Not getting screwed by the Chinese or anyone else. If **** hits the fan we should have everything at our disposal. Which includes lots and lots of tests amongst other things to deal with Covid.
I agree with Safy this isn’t just labs but all the equipment and tests around it. There is no way there will be an approved lateral, POC antibody test that won’t get supported, would make no sense what’s so ever. This may also include elisa test which mologic submitted. I think This is huge news with great potential.
y
UK set to award Covid-19 testing contracts worth £5bn to private bidders
Advert says contracts will support UK testing strategy but critics fear move is ‘backdoor’ subsidy
The government is preparing to award coronavirus testing contracts worth an estimated £5bn to commercial bidders, in what critics fear is a “backdoor” subsidy to the private sector.
The vast new budget, which works out at £2.5bn per year and will be managed by Public Health England (PHE), is equal to the entire annual spend on English NHS laboratories.
The Department of Health and Social Care has yet to respond to a request for further details about the contracts. They came to light after a notice was published on a European database.
NHS sources said they had been told the cash would be used to fund an expansion of Lighthouse laboratories. Created in April to boost Covid-19 testing capacity, they are at the centre of the storm over why it took until last week for local authorities to begin receiving postcode data on the spread of coronavirus in their communities.
As well as providing new labs capable of processing 10,000 tests per day, the four advertised contracts are for the manufacturing of specialist equipment, testing kits, and research and development.
That’s a snippet from the article. Did you read it properly?
Says testing kits.
Have you bothered to read the article? It’s about scaling up labs.
UK-RTC will sign up to providing tests to the U.K. Gov on a first refusal basis, is my view.
But the article is about lab testing and the infrastructure required to set up a comprehensive network.
You’ve changed your tune, whatever happened to providing tests for the government first? I’m sure you said that.
In simple terms; no