RE: CORIS BIOCONCEPT6 Aug 2023 13:58
'Coris, based in Gembloux, Belgium and established in 1996, develops, manufactures and markets rapid diagnostic test kits, mainly lateral flow tests, for use by healthcare professionals.'....
'As part of this portfolio, Coris markets a COVID-19 lateral flow test. Due to this, Avacta has taken the commercial decision to halt the redevelopment of its own AffiDX® SARS-CoV-2 antigen lateral flow test. The existing Coris management team will remain with the business and work closely with Avacta Diagnostics businesses to drive growth and margins through improved distribution channels and an expanded product range. Avacta will transfer its lateral flow product development activities to Coris and support that activity through ongoing development of Affimer® reagents for new products or to enhance existing ones.'
It's pretty obvious from the above statement Avacta is going to continue to develop affimer based LFT's at their Coris facility not the Avacta facility.
I did say I thought Avacta would buy into a manufacturing facility next and they have done...surprise, surprise!!