Member Info for lolmcshizz

Are you trying to convince the readers of this board or yourself?

Can only be good news for us for MAbs gaining more recognition as an effective treatment against Covid - ours being fully human delivered straight to the source makes it the cream of the crop, very exciting couple months ahead for sure.

Whilst a bonus there's no doubting that Covid will be a springboard for bringing our products to the forefront, loads of exposure for helping the fight against Covid and then we can tell everyone about what it can do for Crohn's and MS!

Squidge I don't believe they've rejected it, they just still haven't approved it! On the website it still says no next to HAS

Yeah you're probably right legalwolf which means another period of uncertainty hahahah

Ahh yes I can see that now - thanks Wilson!

Looks like we've already delivered against it so just a confirmation of the value perhaps?

https://twitter.com/lolmcshizz/status/1324736522449526787

Very nice tick up indeed!

https://ted.europa.eu/udl?uri=TED:NOTICE:523069-2020:TEXT:EN:HTML&src=0

Gggg21 - important bit at the end of the contract award.

VI.3)
Additional information:
Increase Value to GBP 20 bn

While there is no commitment to any value of spend on a framework agreement it has become apparent since contract notice publication that spend is likely to exceed the estimated framework value stated in the contract notice.

This is mainly due to the pandemic situation resulting in an immediate overall increased spend in support of Covid-19 testing programme. Future value of spend and procurement route for this programme over the term of the framework agreement cannot be accurately forecast at the time of award publication and the revised value published includes a high-end estimate of this value.

In addition, there are further impacts of Covid-19 on the pathology and diagnostics market which may result in an overall increase in spend in the market as demand for services increases. This impact cannot be accurately forecast at the time of award and the revised value published included a high-end estimate of this value.

The revised value represents the total value of contracts that could be awarded under the framework during its term and takes into account that these contracts are likely to be multi-year.
-------------------------------
The original tender was posted 1 year ago and was due in Jan, was worth £768M - the above suggests that this is a notice of increase in budget to a top estimate of £20Bn across multiple years. So could still signify additional contracts for us.

"The scheme would spend another $100 million to seal deals with unspecified drugmakers from mid-2021"...

After a solid blue day today... is tomorrow going to be Fantastic Friday or Freaky Friday??

Even if NCYT managed to scoop up 5% of this tender - that's approximately £550,000,000 per annum additional revenue!

Excellent post as always SK - this really is a behemoth in the making.

I think we need to be careful with some of our wording - this isn't a government commitment to Covid-19 testing, this appears to be for testing in general.

"National Microbiology Framework"

Whilst this will no doubt form a very heavy part of it initially, it sounds to me as if this is more of a long-term play towards better diagnostics - which if anything, works more in our favour given the massive array of diagnostics tests we have in our portfolio.

Mrninja no word of a lie, I get busy for an hour and miss the leg up from ~122 to ~127 - going to run away for another hour now :)

psmith why don't you contribute over on the AFC & Powerhouse Energy boards?

Rather than posting negatives over here on the ITM board, come and share some positives with us on AFC & PHE - might mix things up a bit for all!

Zoom! I missed the excitement as I've been in a meeting all morning - maybe it goes up when I'm not refreshing regularly??

JackRose - they will need to correctly analyse the results of the trial, which will take time - although clearly not much as we're expecting the results before Christmas!

So you actually added an additional 25%?