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162.30 0.30 (0.19%)

Bid:

162.10

Ask:

162.30

Spread: 0.20 (0.123%)

Market Cap: £2.03b

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IN BRIEF: SourceBio Inks Covid Mobile Testing Labs Management Contract

Fri, 19th Feb 2021 12:07

SourceBio International PLC - Nottingham-based laboratory services provider - Enters into an agreement with Mitie Security Ltd to manage the delivery of community-based Covid-19 testing services through mobile testing units. Under the agreement, SourceBio will manage the delivery of the mobile Covid-19 testing laboratory service currently being deployed in a Department of Health and Social Care pilot scheme. It will also oversee all laboratory operations and processes and will have responsibility for all clinical governance, quality assurance, staff training, sample processing and information management. SourceBio highlights it will manage the mobile testing service on behalf of Mitie Group PLC for the remainder of the pilot and is working towards continued involvement in a potential UK-wide programme.

"We are very proud to support the UK's national testing effort to bring gold standard testing to the local communities as part of the effort to get the nation back to work. The need for localised testing and monitoring of infections is critical as the vaccine program accelerates. This project also highlights our continued work with the DHSC on multiple fronts as they work to manage the pandemic as it evolves," says Chair Jay LeCoque.

Current stock price: 195.00 pence

Year-to-date change: up 12%

By Ife Taiwo; ifetaiwo@alliancenews.com