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Sir Chris Whitty assessment of what is to come.

https://www.google.co.uk/amp/s/www.dailymail.co.uk/news/article-10643523/amp/Chris-Whitty-says-theres-HIGH-CHANCE-Covid-variant-worse-Omicron-emerge.html

I know even he doesn't know, but I do know he is more likely to know than anyone.

This time next week there will be as many people in hospital with Covid as there was at the peak of the Omicron wave. First time lockdown to stop that happening, this time "nothing to see here keep calm and carry on".
They can't keep brushing it under the carpet forever!

Very subdued trading today, looks like that applies to the whole market in general as well.
Either one inclusive RNS or two due here within the next 9 days and 2 of those are the weekend.
Will we see more volume tomorrow and onwards? I would exspect so.

Christo, basically yes, what you wrote is correct.
It's clear to me that the government are purposely dragging their heals not to make the payment until the case (remembering they have no legal grounds to withhold that payment) they want to say in court that they haven't wasted any taxpayers money (in this case) as they haven't paid any out.
I think win or lose the case, they have even less reason or grounds
to hold the payment after it. By law they have used the product so can't return it meaning they need to pay for them....simple as that!
With pressure mounting they may still pay before the case but if not I would exspect they will very soon after the case is concluded.

I just happened upon this article.

https://www.google.co.uk/amp/s/www.independent.co.uk/news/uk/crime/boris-johnson-high-court-government-good-law-project-signal-b2040968.html%3famp

It appears a large section of the GLP case that ABDX are involved in is being heard over the NEXT 3 DAYS.
If they lose this part (goverment using private messaging to do business) then they have no chance of winning in May and it will hopefully lead them to drop the case.

In the last 7 days UK covid cases are up 37%, deaths 8% and hospital admissions 25%. It can't be ignored for much longer. Another Boris national call to arms is probably not far away.
https://coronavirus.data.gov.uk/

Oh, and I got an email from my employer (very large firm) saying they will provide Covid tests on request after the goverment stop giving them out for free. I'm sure we will not be the only ones....#massive market still there

Over a month old now, I missed it first time but well worth a read.

https://bylinetimes.com/2022/02/04/mps-raise-concerns-as-governments-reliance-on-controversial-covid-testing-firm-continues/

OK bit more research and I think it's impossible to say how long (average) it takes to get EUA....but, the (FDA) told test provider they need to focus on test that will work on new verient....Tick! And this statement "The agency says it is prioritizing reviews of at-home and point-of-care tests that can be produced in high volumes."........Tick!
So hopefully Vatic can and will be reviewed and approved soon.

I’m busy at work today but did manage 5 minutes research earlier (will do a bit more tonight) As expected I don’t think I will find an average time as it can vary a lot. I did find one article where they gave EUA within 2 hours after the application was made, but it can also take months. All depends what else they have on and where your application sits on their priority list, I guess. There is still a big call in the States for good LFT’s. They are still on the downturn of cases of the original Omicron but the BA.2 version has not got going there yet and they know that to come soon. I’m therefore, hopeful they will make a very easy to use saliva test that has already been independently verified near the top of that list.

How long do the FDA usually take to give a EUA?
Its no doubt a bit of a how long is a piece of string type question but want to see if there is an average time… something is telling me 6 weeks but I might be getting that mixed with something else?
I haven’t got round to doing any research into this yet so I will throw it out here to see if anyone can save me the time and has a good idea?

I registered an interest in the KnowNow test with Vatic ages ago. I just got the e-mail below from the main man Alex Sheppard.
Dear XXXX,

We’re pleased to announce that earlier this month, following a successful clinical evaluation in the USA, we submitted our Emergency Use Authorisation (EUA) application to the FDA for over the counter home use of our COVID-19 Home Spike Test (KnowNow in EU). This is exciting news as we move ever closer to widening market access to our rapid saliva test.

We are also scaling production with our partner Abingdon health in parallel. Our first batches of tests from this production run will be available for sale in the EU (Professional Use currently) from April. If this is something you’d be interested in stocking and distributing we’d be keen to talk with you.

Attached is our KnowNow flyer with key information regarding the test and our public statement on the EUA submission with compelling clinical data from our US trial that took place at the height of the Omicron wave.

I look forward to hearing back from you.

All the best,

Alex

Each to their own Pumpky, good luck with your punt (although I hope you are wrong of course).
They sounded confident to me that the TT will be done before April, Vatic employing Logistics manager etc, submitted their product for EUA does not look like the actions of a firm thinking they might have a issue with supply of their products but we will see.
As said before everyone knows the turnover compared to last year will be considerably lower (not hard to work out when already £6million ish behind on the first 6 months and knowing ABDX is investing in new products) so this will be priced in already, but again...we will see.

Suedee, you give him too much respect (not that is ever a bad thing I guess) he sold out before yesterday, probably right about the bottom. Now as each penny the SP goes up it brings huge frustration (we have all been there, although I personally move on...gutted yes! but moved on) so he is willing the SP down to make him feel a bit better about his (almost certainly bad) discussion.

You need to remember the IPO price was £1 for a share (or there abouts)...another bracket (yes been dulated since so about 75p in today's money) but the market basically decided back then, that if ABDX expand £1 is fair current value. No one buys shares, whether big firms or PI's thinking if all goes well I make 10/20%. £1 was fair value because they hadn't done the expansion part yet so there was potential banner skins in the way....I.e. if all goes well the SP could/will be more like 2/3/4 ££'s so getting in early (@ £1) was still good value.
The expansion is now complete. Yes, problem its not in action! But this is what Vatic represents, not just extra cash flow but the start of filling that capacity, a completed test, being sold (no rubbish client this time!) and change into the right direction.
Considering this (expansion now complete ready to go almost instantly) the current SP, at 85% discount to the original IPO is a massive bargain! that don't come around very often.

Yeah just tried as well through my Halifax account and same NT to buy. Can't even get £100 worth. Usually a sign a tick up is coming.

Antibody test market (believe this is saying Non covid antibody tests as well) due to grow to $16.5 billion a year.
https://www.google.co.uk/amp/s/www.einnews.com/amp/pr_news/565666534/antibody-testing-market-2022-expected-to-reach-us-15-6-bn-with-7-7-cagr-forecast-to-2031

Got to be a Guinness or many tonight surly!
I love St P's day...but my Son was very inconsiderate and got born on it so no pub for me for a few more years yet :(

For understandable reasons Covid has vanished from the news which is adding to the expected sleepwalking into the next NHS disaster.
170k new cases, hospital admissions up 21% in a week! Sadly its going to get a lot worse yet as well

https://coronavirus.data.gov.uk/

The SP is up 84% this week and I exspect we might get a FOMO Friday tomorrow as well....more than a good enough excuse to get the good stuff out I say. :)

I will predict your answer will have something to do with the CEO has a Oxford degree in Classics?....BTW what is your Oxford or Cambridge degree In?
look up any LSE company and you will find only a small percentage of the CEO's actually have technical qualifications in the sector the company is in. Think Nick Clegg, don't think he knows much about computer programming or mass data management but can run a large section of Facebook. Richard Branson was not a airline pilot before running a very successful airline. In fact, something I have learnt over years of investing, is if the person at the top is technically into the product the company doesn't move anywhere. Their head is in the product and not the business.
CEO's employee technical expertise to do the technical part (Co founder of Vatic has a PHD in chemistry) you just need your CEO to have charisma, be a good frontman, talker and salesmen. Build a good team with team spirit and witg the right contacts. Something that comes naturally when you go to Oxford which is why he was on a government advisory panel. The guy is much, much smarter than you! and clearly a good businessman (in my view)....watch them! and remember how you thought and said they would go nowhere on the basis of what degree the CEO chose to take.
Every large company was once a small company.

Pumpky, what is your point?
ABDX make their own tests but yes, they are a service provider. Need a test taken from prototype to manufactured in mass volume, we can make that happen. So yes, like the vast majority of businesses it relies on clients (other companies). Have I misunderstood your point?

Loskins, fair comment but correction. Its not ABDX that over promised....their clients maybe yes.
ABDX job has always been to get the things ready for market which they have done successfully each time...its not their fault first client changed there mind and didn't want them anymore, second got their spec wrong and didn't see Omicron coming and Biosure...well made it for them but they haven't been able to sell many....not ABDX fult.