RE: Innova £1.2 billion contract win10 Apr 2021 14:37
While I agree that the delays are frustrating, they are as ever are out of Avacta hands. In this case any additional delay to final CV / CE for the LFT is simply the fact there are now very few ‘live’ guinea pigs left to test on as covid is at least temporarily virtually wiped out from Uk hospitals, which was the same reason for the delay to BAMS which ended up being tested in Spain and also delayed by brexit.
Opportunities missed ? Yes absolutely another £1.2 billion went elsewhere but old news, Uk government had no choice but to plug the gap, and it’s absolutely guaranteed that when the Avacta LFT is ready and confirmed to be the best in the world, the Uk government will be ordering it - or the Affimers to make it for at least the next 2 to 5 years, and industry the greater world population potentially indefinitely because covid-19 and any related mutations and similar will be unfortunately here for ever, no way will lockdowns ever be allowed again at any cost in developed economies.
These Pioneer tests will form what will evolve into a multi trillion dollar worldwide industry eventually becoming part of toothbrushes and sewage meters - big brother Affimers (or other potential equivalents) will eventually be testing everybody discreetly night and day
DYOR - then I’m sure you’ll agree Strong Buy or Hold