RE: PCR testing24 Oct 2021 15:40
I am waiting for what could be the biggest catalyst yet for Novacyt. Any holder who has not yet watched the ASHG video released last week should take 7 minutes out of their schedule to do so. The entire video gives great insight into Novacyts immediate focus. I think this video was made around March / April time judging by the amt of tests sequenced at that time, (they say 2mill, now about 4 mill)
Roll forward 6 /7 /8 months and how far have they progressed with some of the things mentioned. Initially I thought why tell the market / competitors what you are planning. Then I realised submission videos for ASH had to be in months ago and Novacyt knew it wouldn't be released until Mid October.
In the video Gemma Stokes talks about one of the projects they are working on , speeding up NAT testing to about ten minutes and more assays in one tube. Now this was months ago , even then she quotes "to about 10 minutes" this is not an arbitrary figure plucked from mid air. At that stage months ago they must have known it was feasible / been there or close in whatever they were developing. This is an absolute game changer if it is released. I have absolute confidence in the R&D of Novacyt and expect to hear more on this fairly soon. Relaxed about when , because it is now more obvious then ever that we will be testing for many years to come. Novacyt release this and even I will believe Porkies 54.00 is a realistic target.
Great to hear from Kevin about US expansion plans and a larger product portfolio of regulatory approved tests in America and Sourh America. It was however Paul Oladimeji talking about turnaround times of assays being an issue which led onto Gemnas Stokes discussing 10 minute tests that really caught my attention.