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Hi All,
Please can anyone put this in to lay man's terms, it is from the ADBX RNS this morning.
https://www.lse.co.uk/rns/ABDX/trading-update-u5yhu2c3vj5hd72.html
"Regarding the current DHSC contract, as noted previously, this will expire on 14 February 2021 and, in-line with the Government's shift to a dynamic purchasing strategy, the Board expects that any future orders will be received via an application by the Company to future DHSC tender notices."
Is the £75 million framework agreement a dead duck? Future contracts will need to be won through the bidding process? This seems contrary to Walborroks previous statement ?
Many thanks
BB
Link to website.
https://www.clinicsol.co.uk/antibody-and-antigen-testing-kits/#antibody
From clinical solutions website.
"The ABC 19 antibody rapid test kit tells the individual if they have the antibodies in 10-20 minutes.
These are individual kits and are £13 each with an MOQ of 1k. The kits have MHRA approval for professional use at the moment but approval for home use is currently being established."
Interesting, if they are being sold it is price sensitive?
GLA
BB
"Beach ball. What contract. "
Hi Upomega,
I was referring to the GAD contract award not an ODX contract, sorry I should have been clearer.
"Mologic lft govt order.
https://bidstats.uk/tenders/2021/W02/742916418"
Hopefully waiting for a much larger contract for ODX. We could really use news on TT now! We were told it had commenced on the 30th Nov. To my knowledge the time frame has always thought to be similar to the antibody TT around 4 - 6 weeks , if work stopped for 2 weeks over Christmas does that extend to 6-8 weeks? So about now?
A quick tweet stating an expected time frame would have been easy. Sometimes I think they are trying to stop the price exploding (still bitter over the speeding ticket). News half an hour before close on Xmas eve? I know they have to announce price sensitive information ASAP but they could have asked Mologic to release at that time to limit the impact?
Anyway heres to a company changing week.
GLA
BB
Hi Shredz,
I hope you are correct, I agree they have been awarded the £3 Million contract.
This is from the Mologic CE Mark Announcement on the 24th Dec.
"To guarantee access to the rapid test in low- and middle-income countries, the COVID-19 Rapid Antigen Test will be manufactured and made available by Global Access Diagnostics (GAD), at cost of production and distributed through commercialisation partners."
Just bothers me that the Gov put up 1 million to develop the test, are potentially buying more machines to ramp up production for GAD who are only 9 months old!
After all that ODX are going to make close £200 million a year selling the same test back to the Gov, whilst GAD will sell the test at cost ?
I appreciate demand will be high, its a massive market etc.
I hope we get TT and finally some orders, before 14th Feb.
GLA
BB
Does anybody know if GAD are supplying UK GOV?
I thought Mologic and therefore GAD was set up to supply Low income countries ? e.g African countries, with low prices and very low profit margin tests? If the UK Government are supplying GAD equipment, why will they buy ODX tests with a higher price & profit margin? I know its a massive market, but it seems odd to me.
Any thoughts? TIA
Hoping for TT and sales RNS this week.
BB
Hi,
Ref: "Surely that is price sensitive information"
I don't think they need to RNS this news , it was already known that equipment was on order to increase production.
If this new equipment increases production levels higher than previously declared, it would be price sensitive. Equally if they had hit a snag and had a delay, it would be price sensitive and worthy of and RNS.
This is where tweets are useful, to remind investors that everything is still progressing on target!
Maybe I am wrong, we will find out in the morning.
I am still hopeful of a" TT is complete " RNS in the coming days.
GLA. BB
It would not need to be ia RNS, it could just be tweets.
And it couldn't hurt to have a tweet celebrating achieving milestones.
ODX are pleased to announce a they have reached their planned produciltion capacity of 200,000 per week and then 500,000 per week. Would settle peoples nerves.
As would
Pleased to announce as planned we have made 0.5 million Visitect antibody LFT, we still plan to increase capacity to x per week in the coming months.
Sound easy sitting on my sofa.
BB
Computer,
Thanks for clarifying.
Hi ,
Did anyone ever get to the bottom of the large order that AH were awarded. In my mind, if it was for the RTC via AH then we should have had an RNS. I remember Wall Brook saying something along the lines of , if it impacts ODX a RNS will be issued, but it doesn't impact ODX, so there is nothing to report.
There is a bidstat tender dated 11 Dec confirming AH as awarded a £75 million contract.
https://bidstats.uk/tenders/2020/W50/740688122
Sorry if I am going over old ground and have missed something , I have never seen a satisfactory explanation.
Have ODX been awarded > 25% of a £75 million contract or not?
Also does anybody know why Screen4 were not able to complete orders for the Visitect Antibody tests? I had some on order for 8 weeks, then got a refund. They must be making tests up there in Alva, so who is buying them and where are they all going.
I am invested, have been in through the ups and downs. I assume everything that is being made is sold and that is why they can't supply Screen 4. Or they are so busy making RTC test for the large contract, they have not made many Visitect ones?
Frustrated, but waiting for news.
BB
Hi all,
Good news today!
Please can someone confirm if TT has started, and if so where this is written?
There have been lots of comments on this board to indicate it has started. I remember seeing that the Tech Transfer team were in place ( which I thought was an odd statement), but I thought that TT could/would not start until Mologic had acheived a CE Mark, which they have today. So does the transfer start today or Jan 5th or has it already started?
Thanks
BB