RE: Most accurate antigen and antibody tests available30 Sep 2020 14:09
best post of the day IMO:
https://twitter.com/TaylorQuant/status/1311206474807476224
"1. Novacyt lands once of the LARGEST, if not THE largest contracts in the history of AIM. UK Gov has signed them for a purchase order of £750 million, potentially more.
Phase I is £250 million supplying 300 hospitals, the further rollout adds another 700, another £500m.
Phase II will kick in anytime over the coming weeks or months AND can increase in value BEYOND the £750m. Should covid disappear next week, the very minimum UK Gov would spend is £150m as the initial orders are already out the door.
How would we know if the £750 million + contract has been 'materially changed' - Anthony Dyer addressed this at the AGM. That would be RNS'd to market. The contract is for intended supply and they do not foresee that changing. Any change would be announced by RNS. This is for the next 6 months ONLY. So is this Novacyt's NHS/DHSC/UK Gov total supply? NO.
This is ONLY for their decentralised testing as explained at the AGM. Novacyt already supplies centralised tests to labs all over the country. That has not changed and is not changing. They will continue to supply decentralised tests to labs, and have increase the range of tests these labs can now use, including WinterPlex, and Covid-HT.
So what is next in terms of UK Gov national rollouts?
A: Saliva testing, Gov and Novacyt are running a trial in London and in Care Homes and result of that is due shortly. This is initiate Novacyt's national saliva test rollout and contract. Nova was one of the first to create a test which can detect LOW viral loads.
B: Care Homes. The Care Home rollout will be similar to the Hospital rollout we saw yesterday. Supply of Q32's and Q16's which can be used INSIDE the Care Home's all over the UK, by Bupa and other providers. Prof Martin is concluding as we speak. Nearly 22,000 Care Homes...
In the UK, compared to the 300+700 Hospital supply of yesterday's contract. A rollout for just 5% would match yesterday's contract.
Here is a Q16? With Nova's EASY-Cov tests they are magical. Palm wide, light and do 14 100% accuracy tests in an hour. Average speed 4 min per test
The machines are NOT the source of the high contract values. The tests, supply and SUPPORT are why the contracts are totalling 100's of millions. The equipment is affordable and draws hospitals, care homes are private businesses to Nova's best in class range. Pilots of these machines and Novacyt's range are also running in private businesses are once done rollouts and contracts in industry settings will begin too with the aim of securing major international deals along with smaller local ones. There's more here, but let's move on!
Sign In
Follow the stocks
