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Pin to quick picksAbingdon Healt. Share News (ABDX)

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Abingdon shares jump on "significant" Covid lateral flow contract

Tue, 17th May 2022 11:00

(Alliance News) - Abingdon Health PLC on Tuesday said it has signed a "significant" European contract to supply components for a Covid-19 rapid antigen test.

Shares in the lateral flow test developer and manufacturer were trading 20% higher in London on Tuesday morning at 11.67 pence.

Abingdon said that the contract is for an initial period of 12 months with an option to extend. There is also an option to expand to other aspects of device manufacture.

The contract is with an unnamed European customer and the initial phase is worth a minimum of GBP2.7 million.

Chief Executive Chris Yates said: "The contract highlights the strengths of Abingdon's flexibility in being able to offer a range of first-class contract services across primary and secondary production."

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Ltd. All Rights Reserved.

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28 Nov 2022 13:38

CORRECT: Abingdon Health annual loss widens on lack of Covid testing

(Corrects that Abingdon Health is based in York, not Oxford.)

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24 Nov 2022 11:20

Abingdon Health annual loss widens vastly on lack of Covid testing

(Alliance News) - Abingdon Health PLC on Thursday reported a widened loss in the year that ended June 30 as revenue fell sharply.

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(Alliance News) - Shares in Abingdon Health PLC tumbled on Monday after the lateral flow test maker shared a disappointing update on its annual performance.

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