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Further to the announcement on 25 March 2021, TT Electronics plc ("TT") confirms that the Medicines and Healthcare products Regulatory Authority ("MHRA"), which is responsible for ensuring that medical devices meet applicable standards of safety, quality and efficacy, has registered Virolens® for use and sale in Great Britain and iAbra has been granted Certificates of Free Sale ("CFS").
This is a welcome milestone in the development of the Virolens technology.
Virolens® is a rapid COVID-19 screening device for which TT is the exclusive manufacturing
partner.https://www.lse.co.uk/rns/TTG/virolens174-registration-received-in-great-britain-lm5d3su7uai267c.html
"TT understands that the Medicines and Healthcare products Regulatory Authority ("MHRA"), which is responsible for ensuring that medical devices meet applicable standards of safety, quality and efficacy, is in the final stages of registering Virolens for use and sale in Great Britain. "
RegulatorUK my take away from the above is that we have indeed been approved and it is just the final paperwork that needs to be submitted.
Check out the TTG RNS just released.
https://www.lse.co.uk/rns/TTG/update-on-virolens-1fsmeygqsvqtawd.html
Watch this rise over the coming week when we land massive contracts.
My guess Heathrow contract must not be far away from being announced as they will probably already have the terms agreed and was just waiting on approval.
Don't know if anyone else has seen this but the above companies have just been approved by the MHRA for rapid testing. people might want to check them out.
Happy birthday boys and strap in and watch this move north
I've been given the heads up that we will have an RNS either tomorrow or Friday from a reliable contact.
GLA
Doz
Been trying to buy for the last 45 minutes and can't get an order, gutted as I think news will drop on Monday morning.
GLA and enjoy the weekend
Doz
Hey Axe
That's interesting and I think I may have misunderstood the offering as I thought it was similar to the previous ATM scheme the company used last year.
Thanks for taking the time to reply and I guess this is why these boards can be so useful as we can all share our insights to help each other along the way.
Doz
Hi Key
Yes the Accustem whare will be deposited into to account where the Tils shares where held, so if shares were in an ISA on the demerger date these new Accustem shares would also be deposited into your Isa.
Hi Axe
I thought this new offering would be sold at market price and only released to the market when they think it was necessary enabling them to capitalise to raise funds went the share price moves north.
I think it's just speculation as I haven't seen any official update.
Think we could get the Brazil trail update tomorrow before the update with the good doctor tomorrow evening. Interesting few days and weeks head.
GLA