The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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The UK-RTC has made significant progress in developing a COVID-19 lateral flow antibody test that can be used by people in their homes, since its inception 7 weeks ago. In addition, we have also made progress with the regulatory and logistics challenges needed to be overcome to support the Government in deploying the test directly to individuals across the UK.
With regards to the test progress, we are now consistently picking up positive samples across the range, including weak positives, whilst ensuring negative samples are not detected. We have conducted a small-scale study of 66 samples and results suggest the test is performing in line with design requirements. We expect to reach design freeze in June, which will allow us to move onto scale up, verification and validation activities, prior to the test being made available for manufacture.
In parallel with the above activities, we are working with Government and regulatory authorities to ensure proper approval of the test as quickly as possible.
The consortium is working with NHSX to develop a test specific app and digital service that will facilitate use and reading of the test device. This will have the ability to integrate with NHS systems and update records.
Finally, given the scale of the potential demand for the test within the UK, critical planning around supply chain logistics is also well under way, which will ensure a smooth introduction of the test directly to the public.
This is a very complex project that is being completed at extraordinary speed, compared to a normal test development programme, but thanks to the creative and hard work of everyone involved we remain on track to deliver a test to the UK that will make a significant difference to the approach needed to manage COVID-19 infections.
Chris Yates, CEO of Abingdon Health, commented:
“We are delighted with the progress made to date and are working hard to bring a quality home test at scale to the UK public. We have an excellent team of scientists and I would like to thank them for their dedication and hard work in getting the project to where it is today. We now move onto the next phase of this project and working with our partners in the consortium ensures we are able to scale the product to the desired volume quickly.“
Surely that is more or less saying the poc test itself is at design freeze?
It's saying what it's saying Corunna B.
Which is that they expect to reach the design freeze this month and approvals, scale up and distribution are also being prepared for simultaneously with a view to supplying to meet the demand anticipated from the UK population. They are working in the light of the UK strategy to manage this pandemic. No herd immunity. Protect and shield vulnerable people and enable the vast majority of the population to go back to work unless they get sick in which case they'll be expected to comply with the rules and isolate till they are no longer contagious. This test will play a critical part in that strategy. The whole country will be buying it. They are also putting in the time now to develop the logistics of mass distribution. And working on an app to send results to the NHS app. It has been considered from every dimension. Great company. Great investment. This is the king pin multi-bagger. Chance of a lifetime ladies and gents! Might never see one like it again.
Sweden admitting they made a mistake in its Covid 19 handling. Now if the deaths and new contaminations keep going up, what are they going to do ? Keep burying people or introduce confinement 3 month later ? What a dilemma ! - - -
hTtps://www.dailymail.co.uk/news/article-8383293/Sweden-admits-DID-wrong-coronavirus.html
TM. I understand what is said and I know that isnt an official design freeze.
What I was just thinking was when we do get official design freeze that is going to be all aspects, the poc test, app and everything around it making it what it is.
"We now move onto the next phase of this project and working with our partners in the consortium ensures we are able to scale the product to the desired volume quickly.“
I dont think for a second they have left a small thing like plans for production capacity until today. I think they are happy with the test and will be sharing the recipe.
Just my opinion.