The chinese have ripped off and have massed produced remdesevir. Not only that they have added in a secondary compound and applied for a "patent" despite Gilead sciences owning the worldwide patent. A messy lawsuit to come if this is the drug that becomes the first line agent to treat the virus. There are other HIV antivirals that a re being tested in phase 3 clinical trials in china as we speak.
FWIW I was present at a COVID update meeting a local NHS hospital recently. The head of virology and an infectious disease consultant were presenting the staffing plan and service plans to other staff and consultants.
They indicated that currently, patient throat swabs are sent to a regional testing hub 60 miles away. Turn around time 24 hours all inclusive for a result to be reported however this includes transport of the sample. PHE had just told them that morning to establish on site PCR testing ASAP. This was happening as the talk was going on according to the head virologist.. Technicians were setting up centrifuge based PCR testing with results ready in approx 2-3 hours.
They did say that there were plenty of companies trying to flog their testing kit in this market and did not indicate which company they were using to set up this on site NHS service.
My interpretation was that this was more likely to be NCYT kit than not. I stand to be corrected if another BB member can tell me if there is another company that sells an on site 2 hr centrifuge PCR test kit that takes 2 hours. If they can't then I suspect that NCYT has just landed a significant part of the the NHS market...
Thanks. You too.GLA
Hi All
Thought i'd join you all for the ride. Have jumped on board first thing this morning.
I think a shake is to be expected. Over used IMHO.... Not sure how successful they'd be with the current share holders who more than likely have some paper profits to ride out the shake. I think they will gap up first thing monday, 12-13p ish, let it trade for a while and then shake the new share holders. They'd be straight into a paper loss, and squeaky-bum-time....
With regards to shares (subject to non seen TR1s) here's my back of an envelope calculation.
Total (100%)= 379 Million (rounded down to the nearest million): This comprises:
Dbay 51%
Stobart Group 11.78%
Invesco 4.8%
Schroders 3.5%
Tinkler 3.48%
Axa 3.33%
The above total 78% of all the shares.
The available shares for the rest of us (PI's and II's) is 22%. This is a TINY number of free float shares and is approximately 84 million shares.
That sounds like a large number but between all of us it's not really. You can work out what % free float you hold.
I've already read what share holding one PI on this board holds and between the two of us we hold 2% of the free float. And that's just the 2 of us PI's!!!
There are not many shares out there. For what it's worth mine are particularly sticky and will wait for "fair market value" to be exchanged. We are no where near there at present.
Intel.
I don't think the FDA news is an issue even if it puts the formal application result on hold. I think this is positive.
My view is that now the USA is an open market and the NCYT kit can be sold and used. If it's better than the competition then it will fly and word will get around. Other countries will also buy it.
An opportunity to take on the competition and be the market leader.
Wow: There is strong support at this level. Trying to go below 8p but gets refused.
I was having another no news, bad day on NCYT....Thanks to whoever it was who put the tip up on the NCYT BB! I Got in quickly at 5.6 and topped up a little shortly after. Going to sit tight for the short term on this. I Need to make up for some paper loses elsewhere.
GLA...A Great day in the end.
Truthfactory filtered...
Another morning: still no news/no RNS.
There is so much potential news to be released that I am starting to think that it is an active decision not to release anything. Combined with the very large share buys I think a buyout is on the cards. Maybe something has been agreed and part of that agreement is no RNS's until the deal is announced.
A buyout RNS as the first piece of formal news would not surprise me. I'm holding firm.
GLA.
AJ Bell tried many times to stop me buying.Persistence pays.I've got over the CEO interview now..Lots of possible up sides to this share with news to come.
I've topped up at 77p this morning.Assisted by the lag between the french and uk markets..
GLA
I watched the interview. It was terrible. He needs media training. First rule. Know your limitations and this guy is not a good salesman or performer. Very flat, unexcitable.. He should have delegated this role to someone who could perform better. CNN! What a platform. What an opportunity. I wouldn't buy shares in his company after his performance (and i'm looking to buy!)
No doubt he will be reading these comments tonight. Combined with the warrants decision he might just as well have poured petrol all over his novacyt labs and set fire to it all..... Watch for yourself.
https://twitter.com/jchatterleyCNN/status/1230529831181455361