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Quite right BBD they have said they are in serious negotiations and I am sure they are.

Surely the real question here is why aren’t HMG pursing the use of antibody testing with a vengeance. A report today published in the Telegraph suggests that there is considerable fear that a variant will develop in those that have been vaccinated (not the unvaccinated) that will escape the vaccine and cause significant problems. The FDA are against a rush to use booster jabs. Yet instead of pursuing large scale antibody testing which will clearly establish who is at risk and importantly who is not thereby enabling us to vaccinate only those that need it.

No TWatcher sorry but it would make sense to continue the negotiations without agreeing a final deal whilst you are waiting for your own test to be approved. I would contend that is not any sort of breach and would be perfectly normal and acceptable practice. For what it is worth it is certainly what I would do if I were at the negotiating table.

Made me smile thanks Computer.

Just noticed a lot of very positive comments from ODX on their Twitter feed following the AGM on the 15th.

Doubt it but they played with a straight bat. Actually I am not suggesting that Bethell did not just cut too many corners and tried to cover it up.

Personally I hope it is our own Visitech test but at this point I would settle for green light on third party test.

Just heard on radio news that the tests will be paid for which means they must be different to those currently on offer - good news.

Thanks Okehurst is that a direct quote or speculation from the poster?

Yess Scaff but just for normal testing I understood that those going on holiday would be required to pay for their tests - different QR codes? Supervised testing? don’t know but limited news at the moment.

I believe his constantly changing the answers as to the location/condition of his mobile he put his own head on the block.

For the moment I will dodge your question on price but surely this is a big positive for ODX. If we assume that people will have to pay for the tests and that HMG will not extend the EUA for the Innova or Orient test to be offered for sale through chemists etc then it could well mean that the Visitech test will finally be given approval. In order to have any chance of supplying demand they would have be be authorised very quickly. Let’s hope so.

Well aware that the code instructs them not to Regulator but they do.

I agree with everything you say Rob but the way we operate our parliamentary system and the apparent inability of many to follow the rules that most of us have to contend with every day are a far cry from the business of ODX, a diagnostics manufacture waiting to produce a COVID test.

I think some might be inferring that Lord Bethell’s apparent breaches of the ministerial code by using his own phone (most do) with his role in government in forwarding diagnostics. The only overlap is that ABDX are firmly in the mix and that has some effect on our antibody activities which is certainly unfortunate but currently limited as most of our focus is with antigen testing and Mologic. Bethel is being heavily criticised and his excuses are pretty poor but no foul play is being suggested, simply by not following the rules he has put himself in the position where is is open to reprimand - we all remember that HilaryClinton was doing this in the US and from what I understand it is common place across Parliament. We may all have our own views on this and on Bethell in particular but he has not been suspended and probably views this as an embarrassing and rather annoying matter with distracts him from doing his job. I will refrain from comment but simply reiterate that it is difficult to sanction a minister for doing something that all ministers (their Labour counterparts) and even the PM is well known for doing. Don’t let Bethell’s own problems influence you negatively with regard to ODX.

Even if that turns out to be the case HMG will still provide to all NHS staff, front line and military personnel, the entire public sector and I would bet schools so our 2m per week will be easily covered.

TWatcher and Okehurst, I certainly believe that a profit of £1 is an acceptable position - personally I would expect a little more than that and have postulated some figures based on £1.45. As you will know the important factor when trying to convert that into an SP is how you determine the longevity therefore demand of the product you are producing. This has previously led to much speculation on this very board. As time goes on and we know more I have no hesitation in believing testing with be with us for the foreseeable future but almost certainly for the next 3 years probably 5 or more. I do not believe that HMG will cover the costs forever and therefore there may well be a downturn in usage (but the world is a big market place), difficult to say depends on so many variables, hospitalisation and deaths being the biggest of them. It’s fairly easy to make a guess that’s is the best we can do at this point. At £1 that would be around c£1.60 (3yr p/e) £2.67 (5yr p/e) and based on my £1.45 profit figure between £2.32 and £3.87. That is of course maintaining the same level of production - you would expect this to increase as over time and has other markets develop. So anything between £1.50 and £3.50 would be my guess.

Boris’s speech has been brought forward to 3.30. This helps for action during the trading day or if I put on my rose tinted spectacles then it could be to ensure the speech is over before close of business as ODX might be required to issue an RNS.

Well I’ll admit you made me look - great if true but until (happily) proven wrong I call BS.

I believe that our current potential production (long overdue) is 2 million per week based on normal working hours if demand was there they could potentially introduce a 24 hour shift pattern and double (?) production. Just need those orders confirmed and a product identified.