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When is the next update? I bet we will have an RNS or two by then!!

This was deliberately leaked to the press before the announcement last night so everyone was expecting this and therefore priced in. My guess the 19 July will most definitely be the terminus date as there will be no more support to extend beyond then. What we need though is reassurance for the travel industry that the school peak holidays people can travel. Part of the problem of course due to the Delta variant, other countries not letting us in. Hopefully another two to four weeks maks a big difference!! GL All, I remain invested here for the longhaul.

Good post Paul, hold for gold!! Hard when price dropping but I believe and many others do too, this company will do very well!! Your patience will be rewarded!!

I've a sneaky feeling the US will want to target 4th of July independence day to open up US - UK travel. That's approx 3 weeks away. SP tomorrow will probably dip slightly but no major worring news on the downing Street briefing.

Agreed especially as the UK now going to be extending Freedom day by another 4 weeks!! Our test here can't come soon enough!!!

BA makes the lion share of IAG prifita, they won't want to divorce BA from the group!!

All priced in already I reckon, the markets will be happy as long as we don't go backwards!! 3--4 weeks will make a big difference. My money is on July 4th US- UK corridor open!!

Will be interesting to see what happens the SP, I reckon already priced in largely. The key thing are the increases leading to a large increase in deaths? Hopefully not and the vaccines are working. If this continues to prove to be the case, my guess another 2 - 4 weeks delay with opening in time for 4th July independence day which is 3 weeks away.

Hi All, what's peoples views on a decent RNS landing this week with a major contract announced? Surely there will be news heading towards end of this month?

ND71 I agree, if even a few items of their pipeline deliver, the big pharmaceuticals will be after them. If that were the case hopefully £25+ a share buy then.

Now in the Daily Telegraph:

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Blow for test and trace scheme as US watchdog queries rapid Covid tests

Innova has supplied the UK Government with more than 1bn rapid Covid tests under contracts worth more than £3bn

ByHannah Boland11 June 2021 • 5:40pm

Britain's test and trace scheme has been dealt a blow after US regulators cast doubt on the effectiveness of the rapid Covid-19 tests upon which it is based.

The US Food & Drug Association has issued a warning letter to manufacturer Innova saying its lateral flow tests violated a number of its rules, including failing to get approval, clearance or authorisation from the regulator.

It said the performance of the tests had not been "adequately established" and it was concerned about the tests giving false positives and negatives. It warned that estimates for how well the test picked up Covid-19 cases was "false or misleading" and "did not accurately reflect the clinical study data".

The FDA launched its investigation after it learnt that the tests were being distributed across the US despite not having regulatory approval. It conducted an inspection of a number of the company's manufacturing facilities between March and April.

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The regulator said it had "significant concerns" that the tests "could present a serious risk to public health" and called for those that had been distributed to be recalled or thrown away. 

The US regulator's warning will prompt fresh questions about the UK programme. The Government has put the tests at the centre of its "Operation Moonshot" testing programme.

Innova has supplied the Government with more than one billion of its rapid Covid-19 tests under contracts worth more than £3bn.

The huge number of orders prompted Innova to announce last month that it would open a factory in South Wales to produce millions of tests a day. 

Lateral flow tests are significantly cheaper than PCR tests and can be self-administered; however critics have argued they have too many drawbacks to be reliable, as they may miss a large number of positive cases. 

Innova said it intended to seek authorisation from the FDA and added: "The scientific world acknowledges now no test is 100pc accurate, even the gold standard PCR test. False negative or positives can occur on both PCR and antigen tests. FDA has not done evaluation on Innova's test therefore they have to put the standard risk in the outline. Again, we have enough data to support the efficacy of the test."

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It added: "We understand FDA’s health risk concern for the US market as they have not evaluated or authorised the Innova test in the US. In simple terms, the regulator won’t confirm a product is safe to use until it has evaluated and authorised a product itself."

I would say nailed on, at least one RNS in place by 21st June in time for the webinar. With UK and EU approval hopefully we march forward at pace!!

Your going to be brave to be out of this now, surely news next week?

I topped up at 255 only small tranche, buying is relentless I reckon a good strong finish hopefully north of 270!!

This could play out for us as one of the best stories of the year!! Yorkshire firm delivers best in class test which UK Govt have now confirmed big orders to keep unlocking day June 21st on track!! Travel reopening etc.

As they say timing is everything, imagine if the UK govt were to now sign up with Avacta and that was all over the news as the best test out there!! Boooommmm!!

Market is awaiting the contract news. Then things here will get exciting! Great to hear EU approval today, another step forward. Surely must head back towards the 270 range? What's peoples thoughts???

Avacta should be higher when people start to grasp what Avacta have in their test!! I'm certainly not selling up anytime soon!

Hopefully this translates to new contracts for us worth millions!! We seriously need some good news to turbo charge the current SP!!

It's very frustrating but Shares to Buy your right. Once European license granted and some decent contracts signed, then this will absolutely fly. Annoying we are still waiting for news, until we get this information, SP will drift around current levels in my opinion. I'm holding firm and not selling any. I would be gutted to sell now and then miss out on the party when the all important news lands and it will!