Medusa enquiry and email from Sir Al3 Sep 2020 11:32
PART1:
Medusa are now taking pre-orders for their own branded antibody test. It's made by Agile Life Sciences and CE marked for professional use only with FDA approval pending.
I made some enquiries with them about placing an order for my business. I was told the minimum order was 50 units at £40+VAT each, delivery is expected within 4 weeks. I was also sent some photographs (the kit includes the LFA, two buffers, small pot and a pippet) and also a sales brochure.
To my concern, the sales brochure includes the following:
"The RSPT detects an immune response to the virus, indicating whether users have an active or recent infection, helping to guide decisions around the need to self-isolate, or the ability to travel and safely get back to work."
Whilst I didn’t believe it to be true, the claim of detecting active infection was a big worry. After some discussion with PL75 who did some research to confirm, I was confident it’s definitely an antibody test and this incorrect.
I raised a query with Medusa about the difference between the Avacta and Medusa tests and they simply told me that the Avacta test is aimed at consumers who can buy one at a time. Absolutely no other differentiation was given. Again, very worrying.
The new Medusa website is apparently going live later this week complete with online shop. If Medusa start advertising a lateral flow assay which can detect current infection it’s going to cause panic. To less knowledgeable investors, it could appear that we’ve been beaten to market… and by own our distributor!
Of course, we all know that Medusa are prohibited from selling a competing antigen test – but it could appear to some that a loophole had been found, or they were just doing it anyway. The last thing we want as investors is a panic sell off until clarification is given.