RE: An interview with Chris Yates is out!27 Aug 2021 16:45
An interesting question from the interview:
Q\ Imagine you find yourself in a lift with Warren Buffett. What would be your ‘elevator pitch’ to summarize why he should invest?
A\Abingdon Health is a development and manufacturing engine in a lateral flow testing market that is undergoing a paradigm shift driven in part by the widespread adoption of testing during the COVID-19. Abingdon’s vast experience in lateral flow testing and its investment in the latest automated manufacturing means it is best placed to significantly grow its contract service customer base and own products revenues.
We have made good progress in building a broader contract development and manufacturing organisation, with a number of new contract wins for both COVID and non-COVID products.
We have now completed the latest phase of our capacity expansion plans and have in place state-of-the-art automated manufacturing capacities that will be used to drive value with a number of programmes expected to complete tech transfer and move to volume manufacturing in the next few months.
In 2021 we delivered 123% growth in sales, generating revenues of circa £11.6m for the year ended 30 June 2021 (FY 2020: £5.2m). We are now focussed on the next phase of the Company’s growth as we continue to manufacture an increasing portfolio of products.