Member Info for grimshady

i am confident because of the kits technical spec Safy
it does what it says on the tin.
at a very high level of accuracy
for as we have just discovered a comparative market cost.

Grim et al
love it :)

right then Safy
i phoned ncyt
there test cost £842 per kit of 96

@Safy
i can only agree with you there :)
i had the impression we were about half the price of some of the competition but that really is not much use to you i know :)
my impression doesn't count for much. :)

i am wondering if the Peel offices have had to be shut due to cd-19 :)
if so we might have a 14 day break :)

i was going to ask on the ncyt board :)
but i not strong enough for a torrent of abuse today :)
rough night

1 test @£10
1 tray of 96 tests @ £960
10 tray of 96 tests @ £9600
100 trays of 96 tests @ £96000
1000 trays of 96 tests @ £960000
1500 trays of 96 tests @ £144 0000 roughly the companies weekly first sales target
now sales of 1500 test kits per week does not sound to hard to achieve
weekly production limit assuming a 40hr week is 400000 test which is 4166 kits which is £3999360 per week

sorry you took some flak for us flying

a couple of other things to mention
with WHO Certification for the HepC test GDR now has a first to market POC test for Hepc. this has potential
The US DOD is expected to add to the £5m order they have already made this year with an additional order in the fall.
The antibiotic hearing loss test is also first to market and in litigation heavy environments (USA) the very fact that there is now a test will mean there is negligence if it is not used. Also in countries like USA where batteries of tests are performed because each one is chargeable we could see significant sales.

there were lots of threads about this around march time i think.
there was something which came out saying that NCYT were not making anything on there tests but i think it was wrong. i cant remember sorry mate
GDR test cost £8 to £10 at 60% profit if i remember right.

true

'EUA submission pending: Test manufacturers have indicated that they have submitted an EUA application. FDA requires labs and commercial manufacturers to submit an EUA request within 10 days (serological test) or 15 days (molecular test) of completing test validatioN"
What on earth does that mean?
is it that we have 15 days to supply data from our test to back up our application? then they can decide? but how long will that bit take? this is a mess tbh.

good luck ken

very slow trade for last hour

@Gloria it took us till Monday to get on the NHS supplier list not GDR fault just there due process. My guess is each EU country will have similar lists.

go watch the vox presentation where he explains the reasons.

Does seam to be a little bounce going on.

@blustington
any idea how long it takes to prepare the paperwork for a regulatory approval. How much legal advice you have to take? How many different sources of data need to be compiled?
in fact idea at all how long the process normally takes with out covid 19 ?

so the CEO should be replaced because you brought shares at the wrong time?
I am really sorry your are showing a paper loss at the minute and it is sizable but there people myself included who have a MUCH greater loss and are still here because we believe in the company and the Product and the CEO and board.
I understand people need someone to blame.
The approvals will happen, when they do sales will come.
They haven't missed the boat at all
what they have done which is almost amazing is create an entirely new clinical test in 9 weeks one that has several individual selling points and that is very accurate.
Approval time scales are out of there control
if i have one complaint its that there communication might of been slightly better.

i also think that somewhere someone is making money on this drop.
Peel must be is my guess
FDA approval would be my choice to ethio