Demand vs capacity15 Oct 2020 15:29
Gents,
Great more capacity poyential coming to the market in the middle of 2021.
Germany ordering Rapid tests from Roche,Siemens and Abbott,good for them.One small problem there is no capacity to meet even a quarter of the demand. What we do have to encourage, is that they all work together, but what we also have to acknowledge is that our company have a rapid antigen salivia based 5 min test coming to the market, with only one other "competitor" being Abbott, who cannot cope with demand and have admitted that.You need to stand back and face the facts,Avacta will by next year make billions in revenues with substantial margins and still would not meet demand.Once approved by CE for professional use, UK government will demand 400 mill immidiately. Avacta have manufacturing partners signed up and several more sitting on the bench waiting.With full MHRA approval for comsumer use, we are taking about demand which is Beyond any estimates out there.There will be no fully approved vaccine avaible till Q2 or Q3 at the earliest.If we look beyond BAMS and rapid testing, the market for Affimer is amazing and with AVA6000 phase 1 trials kicking off,well you try and apply EBITDA est.
The manufacturing partners would not have gone ahead and ordered plastic to make this sort of volume, if Cytiva etc had not Said we are good to go!!