Why ABDX will moon8 Dec 2021 20:55
https://www.abingdonhealth.com/app/uploads/2021/12/2021-shareholder-circular-and-notice-of-general-meeting.pdf
Some quotes from the 2 Dec Circular:
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The AbC-19 test is CE marked for professionaluse only and Abingdon Health is actively marketing the test both in the UK and internationally.
In addition, in July 2021, Abingdon Health announced that it had signed an exclusive manufacturing agreement with BioSure (UK) Limited (“BioSure”), a company specialising in the provision of rapid invitro diagnostic testing solutions, for the manufacture of BioSure’s COVID-19 IgG antibody self-test. This test, for which BioSure is the legal manufacturer, has been CE marked specifically for self- testing. The test uses a fraction of a drop of finger-prick blood (2.5uL) with results displayed in 20 minutes.
The Company has made recent progress in relation to two projects involving scale-up and technical transfer to manufacture. Avacta plc’s AffiDX® SARS-CoV-2 antigen lateral flow test is being validated to allow commercial product to be manufactured and released by Abingdon Health. Avacta have indicated that they may require the Company to produce 1-2 million tests per month. The transfer process, which involves scale-up of processes and manufacture of three production-scale manufacturing runs, is progressing well and due for completion in this calendar year. A significant order for post technical transfer production has been received from Avacta.
The Vatic KnowNow™ rapid antigen test, is a UK designed test developed by Vatic Health Limited (“Vatic”), and will be manufactured by Abingdon Health. An initial purchase order has been received for 600,000 tests and Vatic have previously stated that demand could reasonably increase to two million tests per month and ultimately reach 100 million per annum.
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Then there's the non-covid projects which seem substantial, the big DHSC payment which they seem confident of receiving and more international partners and orders which seem highly likely at this point.
I bet they'll manufacture the GDR tests, just like AVCT too.
100mil mcap + is coming I believe, as a starting point.