UK Department of Health and Social Care contract win3 Mar 2021 16:23
Just a heads up for those expecting an RNS with hard and fast revenue numbers attached to a Government contract win. It is worth noting that when NCYT announced its contract win with the UK Department of Health and Social Care (pasted below for clarity) it didn't include revenue, just details of the order volume in units (288,000 tests per week). i.e. We might not get financial numbers in a forthcoming DHSC contract RNS but we should get an idea of units contracted. e.g. we know 2 million a week is the optimum, according to the ODX 11th February RNS announcing the UK Government contract.
I was invested in NCYT at the time - and I still am - and would add that a further DHSC contract was awarded to NCYT and announced via RNS in September, this time including revenue. Both RNS' were received very well by the market and, as we know, resulted in significant share price rises.
I am anticipating a contract to be RNS'd by ODX perhaps without financial numbers but with a unit ratification of how many per week / per month and for ODX to then confirm the financial value at a later date via a trading update / interims / full year results etc. If this happened it would be in keeping with the DHSC NCYT initial announcement last April. Obviously, if ODX can confirm actual financial numbers all the better.
Exciting times for ODX and its share holders. Good luck, Brighty
"Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces it has signed a supply contract with the UK Department of Health and Social Care (DHSC) for its COVID-19 (CE IVD) polymerase chain reaction (PCR) test, developed by Primerdesign, the Company's molecular diagnostics division based in the UK.
Under the terms of the agreement, Novacyt will supply its COVID-19 test to the DHSC for an initial term of six months, starting from 4 May 2020. Novacyt has initially committed to supply 288,000 tests per week to the DHSC for use in the NHS, with the option to expand the agreement".