RE: Nice article re Omega in the21 Apr 2020 17:03
Note the last line.
And there are other AIM-listed coronavirus investment options. For example, antibody test maker Omega Diagnostics (LSE:ODX). The Scottish life sciences firm recently signed a material transfer agreement for London firm Mologic to use its Cambridgeshire factory. This deal will produce 46,000 tests a day. At full capacity that’s 1.15 million tests every month. And Omega already produces bioscience testing for a range of infectious diseases, including malaria, dengue fever and tuberculosis.
Antibody testing is used to identify people who may be immune to the coronavirus who have been infected and have since recovered. This is important in the absence of a vaccine, to allow shuttered economies to start reopening.
But the wrong investment in an unproven and volatile microcap could blow up your portfolio and lose you a lot of money. I’d avoid this one.