RE: Positive8 Nov 2020 23:19
Good PR.
If peeps look at the Dept of Health England website, Porton Down recently passed the first 3 Lateral Flow Tests - one is Innova's and one our JV's Healgen. These are the only two Lateral Flow Technology swab tests.
Although not clear from the Gov webpage, Innova looks to have passed Phase 3 tests either late Sept or week 1 of October. So say 1-2 weeks post pass, it scored a >£110m contract for Liverpool.
Given Healgen's Phase 3 test was recorded w/c 28 Sept, it passed mid-Oct.
Gov placed the Innova order quickly and without tender, as it can under emergency powers.
What's clear now is Innova's product doesn't work in asymptomatic population and is accurate only when ppl are showing symptoms in first 5 days.
How the Healgen Antigen swab tests performs vs Innova's will be interesting but having said that, our JV's Antai Triple Antibody Test (because it detects the three antibodies that fights the virus) picks up current and past symptomatic and asymptomatic persons - far more relevant than Innova's limited range and key to getting people back on flights. This Antai Technologies manufactured kit is exclusive to our JV and FTSE100 co's have already bought 350k units (before JV formed) and these two co's are now looking at CTEAs COV-ID app.
Operation Moonshot wants to tests 10m ppl per day by 2021 and an initial £12bn allocated. Grant Shapps recently said he wants airport testing in place by 01 Dec and see this being paid by travelers (family member paid £90).
No other company has a holistic, trusted, secure Blockchain backed COVID population monitoring and management platform linked to rapid testing capability and capacity as far as I know.
Both our JVs tests respond within 15-20mins and record the result on the Blockchain and results sent to your phone. Both Healgen and Antai are Chinese and have massive, cheap manufacturing capacity.
When CTEA and BHA call this the "solution to this massive global pandemic", "the solution of the future" and "the JV's growth within touching distance of a cliff edge", I see lots of green flashing lights.
Last and potentially highly explosive cheap COVID stock, which also applies to other areas of course and infectious diseases such as TB, HIV.
Haven't even mentioned the huge opportunity of Afrik-ID in SADC serving c.350m ppl.