Mologic Avacta partnership11 Feb 2021 18:33
It looks like Mologic have conceded that Avacta’s affimers must be superior to their test otherwise they wouldn’t release manufacturing capacity to Avacta.
But have Mologic played a blinder....
From this weeks RNS
The partnership between Avacta and Mologic also provides a framework agreement for the future development of a pipeline of tests in a range of disease areas. The possibility of combining Avacta's spike antigen test with Mologic's nucleocapsid antigen-based technology[2] in a single lateral flow device is already being explored. A hybrid antigen test such as this is expected to be a world first and has the potential to deliver an extremely sensitive lateral flow coronavirus antigen test.
Before Covid came along the global market for lateral flow disease testing is estimated to reach $17.5 billion by 2027, growing at a CAGR of 5.7% over the forecast period, driven by discovery of new drug resistant pathogens, increasing demand for point-of-care diagnostics, and rapidly increasing healthcare costs.
Lateral flow technology is frequently used for the diagnosis of the following targets, amongst many other targets:
* Malaria.
* Dengue.
* Influenza A and B.
* HIV.
* Chlamydia.
* Hepatitis.
* Tuberculosis (TB)
* Epstein Barr virus (EBV)
* Cardiac Marker Lipid Test.
Now have Mologic spotted that Avacta affimers and their CARD technology can take a large slice of the above markets & Covid market.
Mologic established the Centre for Advanced Rapid diagnostics (CARD). The programme is designed to develop a new, ultra-sensitive technology platform testing the limits of rapid diagnostic performance.
Mark Davis, Chief Executive Officer of Mologic, said: "Mologic offers a highly versatile range of scientific and manufacturing services for the development of diagnostic technology. We are very pleased to be working with Avacta to apply our expertise in this important project and look forward to it paving the way for further collaborations."
https://www.ihealthcareanalyst.com/lateral-flow-disease-testing-market-2020-increased-drug-resistant-pathogens/amp/