RE: 1 million26 Oct 2020 07:57
Twix,
it's only the start for ygen in the covid space. We are selling the test internationally which is not account for in the £1 mill per month of testing revenue. There is plenty of scope for additional growth and this as detailed has only really started since the beginning of October. £1 mill a month can be scaled up to £2 mill a month and so on without a doubt.
Yourgene's UK COVID-19 testing service is expanding rapidly and from the beginning of October 2020 is now operating at its full capacity of 10,000 tests per month. Capacity is being further expanded to 20,000 tests per month which is due to come on stream in the third quarter. This will increase COVID-19 testing revenue potential to approximately £1m per month and there is potential for further expansion in line with anticipated demand. This in-house testing uses Yourgene's own Clarigene® Sars-CoV-2 product, which is also being sold internationally through our distribution network in our channel markets and through our growing direct sales force. Regulatory submissions for Clarigene® are underway to access additional key regions and enable further geographical penetration.