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Development of CO-Prep™

In line with the Company's strategy to build on its capabilities in near-patient testing through improved workflow solutions, Novacyt has codeveloped CO-Prep™, an instrument for sample handling automation. CO-Prep™ has been designed to automate the liquid handling steps of the Company's near-patient PROmate® test. The efficient CO-Prep™ workflow includes a small footprint for use on benchtops or in containment hoods. As a result, CO-Prep™ offers laboratories increased capacity, automation of repetitive manual pipetting, increased accuracy, reduction in intra-sample contamination risk, and time for technicians to concentrate on other work.



The new CO-Prep™ instrument has received significant interest from customers in advance of the launch next month. PROmate™ and Co-Prep™ have currently been designed for testing of COVID-19, but both testing and instrument technologies can be used to target additional diseases in the future.



PathFLOW® update

Further to the announcement on 29 June 2021, the Company's confirms there is a delay in the launch of PathFlow® COVID-19 Rapid Antigen, a self-LFT to detect SARS-CoV-2 antigens, previously expected in Q3 2021. This delay is due to increased demand for self-test approvals causing a backlog of tests currently under review by the Company's Notified Body. The Notified Body has communicated a delay of up to six months, therefore, the Company is also evaluating other approved options for a COVID-19 self-LFT.



Further to the announcement on 23 April 2021, Novacyt's PathFlow® SARS-CoV-2 SMART IgG LFT, expected to launch in Q3 2021, is also delayed. This is due to the Company's partner being unable to secure sufficient supplies for Novacyt to launch the test. Novacyt is, therefore, evaluating additional LFT options to detect and differentiate between SARS-CoV-2 IgG antibodies.



Novacyt remains focused on expanding its COVID-19 LFT portfolio, following the launch of its PathFLOW® SARS-CoV-2 antigen and antibody LFTs for professional use earlier this year, to complement the Company's growing polymerase chain reaction (PCR) portfolio.

That was over 11 weeks ago. Wonder how they're getting on.

4 more games cancelled. That's 6 now in total including tonight's. Who's betting this will be the last weekend of football in 2021.

Wouldn't worry about that. We'll have set new ATH's by then.

No one knows.

3 blues and a red. Too early to tell Woody.

https://www.reuters.com/world/uk/britain-says-omicron-spreading-phenomenal-rate-2021-12-13/

I appreciate you will have seen this Dribbles and that your statement was just an honest mistake.

Means bucket loads of tests and total disruption to the festive season and whole economy. Don't even try to understand the market Dribbles.

Believe it when i see it

Still can't believe we haven't seen another contract with DHSC. £4.7m, what's that 670k tests. Well that's 1 day's worth. The contract was 6 months. Bizarre

Hospitalisations will be in 2 weeks. Not great but if they're right a lot of people will spend New Year in a hospital bed. Should just lock us down for a few weeks. Its getting too late.

Lockdown?

Yep supply and demand. My point was more aimed at their lobbying of the government when the boot was on the other foot, which ultimately resulted in the UK being fully exposed to variants.

The travel industry didn't like it when PCR costs were high. They lobbied and lobbied until the gov said "ok we'll completely remove them" Despite that leaving our defences for Omicron completely wide open. The trains and airlines were saying "you're making it too expensive for travellers, it's killing us"

Flash forward to now and see below extract from article on seat ticket prices going through roof. Talk about having your cake and eating it.

Tickets are available from Heathrow to Paris at £75 for tomorrow morning. As the rule change approaches in the evening, tickets jump to £315.

https://www.bbc.co.uk/news/live/uk-59679703?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=61bb404f4a8abc5c898913e1%26Flights%2C%20Eurostar%20to%20France%20selling%20out%262021-12-16T14%3A14%3A44.519Z&ns_fee=0&pinned_post_locator=urn:asset:b4f8b6af-4335-4259-842c-bc2b4971ac00&pinned_post_asset_id=61bb404f4a8abc5c898913e1&pinned_post_type=share

I've not read it Hurtle but I imagine what your testing for has to be there for the test to find it. He is bigging it up not slating it. He has won a Nobel Prize for its invention.

Is he not simply saying that if it's there the PCR test will find it. That is a positive. You tell the PCR what to look for and it goes and finds it.

He didn't get a Nobel Prize for inventing a test that randomly gives you alsorts of different results.

He's saying it's flexible oh and very accurate. Both great qualities and probably a big reason behind him getting the Nobel Prize.

Come on!

Dribbles says "IF it's weaker" so you don't know. Bit of a cavalier approach no.

What does weaker actually mean. I mean, a baseball bat may be deemed to ne weaker than a handgun but I'd still rather avoid the bat if at all possible.

You keep stating #trustthescience but then seem to completely ignore it at the same time.

Very strange..

You asked why yesterday Dribbles. Pretty sure I replied but here it goes again. Listen this time.

1. Uncontrolled spreading leads to increased possibility of mutations.
2. Omicron evades the double jab and partially the booster so more people exposed than with Delta.
3. If Omicron is half as severe but 10 times more transmissible then hospitalisations spike rapidly. Meaning unnecessary burden on NHS.
4. If a large amount of NHS staff contract Omicron at the same time they will be forced to isolate. Now you have hospitalisations going north and available doctors and nurses going down.

Do you see now.

Byp, have you written this. The first line says it all. Some guy phones up CLAIMING to be the stepson. What's the first thing you do. Publish the story. Don't waste time fact checking. I'm not saying it's not true but surely if it was you would confirm it and then you can start using words like 'confirmed' instead of 'claimed'. Daily Mail, just do a better job please.

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10316615/amp/Stepson-UKs-Omicron-victim-unvaccinated-conspiracy-theorist.html

Didn't pick up on byp's liar comment earlier. It does kind of fit with his autocratic style. Along with the, "if you don't do as I say, I'll ship you off to Australia" style, we now have the "no second chances here" style. Sounds more and more appealing this byp dictatorship.

£30m of stock written off to zero in the H1 accounts. They sell it and you don't think that will be material enough to RNS. Come on!

Leicester V Spurs off tonight.

If they could shift it they would've by now. I just don't get it. Is it that R&D has moved on so much that buying an Exsig test is now like buying a VCR. Even shifting them at cost would be better, actually just getting a few million quid for them would be better than letting them expire. I wonder why no one wants them? Any ideas?