Unsure.....21 Apr 2020 19:33
I'm watching this one closely, but I'm not yet sure. I'm not saying they won't do well, but the agreement is far too sketchy and may have far too many people involved for it to be profitable IMO. If ODX had a platform or product that belonged exclusively to them that could be licensed out then I'd be more interested, but as far as I can tell, they will just aid in the manufacture and nothing else, unless I'm missing something. If that is indeed the case their profits will be limited to what they can produce. Let's say the profit going to ODX per test is £1. If they produce 100k tests per week that's around £5m per year assuming they produce at the same rate for 12 months, and simply guessing they will be making £1 profit per test. I stress of course that this is all pure guesswork. I suspect the test will be as cheap as possible. If the Mcap wasn't already at 50m I'd be more interested, but IMO it could be anything until we see some numbers.