RE: Lifestyle CEO16 Sep 2022 09:19
Still expecting to be leaving soon with a nice profit
Operational highlights
· Significant diversification managed from predominantly fulfilling central government COVID-19 testing contracts to varied and fast-paced private COVID-19 testing market through relevant product launches (15 new assays) and innovative workflow solutions (including VersaLab™)
· Strengthened R&D capability whilst shifting focus to the post-COVID-19 portfolio and ensuring readiness for new In Vitro Diagnostic Regulation ("IVDR") in Europe effective from May 2022
· Complete integration of IT-IS International, following the acquisition in Q4 2020, supported an increase in the development of end-to-end testing solutions.
· Cemented Novacyt's position as "global first responder" with new contracts secured with WHO and UNICEF for the supply of COVID-19 products
· Key contract wins with major customers:
o Private test providers, including travel, sport, film, media, and workplace settings
o Inclusion in National Framework Agreement, resulting in a new £4.7m contract with the DHSC for the supply of PROmate® COVID-19 tests to the NHS
· David Allmond appointed as Chief Executive Officer alongside strengthened executive team and commercial operations to support future growth