PMH Capital2 Nov 2021 08:34
Paul Hill (Founder PMH Capital Ltd) writes on LinkedIn
#AVCT #NCYT #ODX #ABDX #SBI
Following intense pressure from the media & travel sector, the government has vowed to cleanup the UK Covid testing industry.
As such, under new mandatory CTDA guidelines, all existing suppliers of PCR & RLFTs had to submit product data for a desktop validation to the UK Health Security Agency, if they wished to continue to selling from 1st November onwards.
Sure this is great news for holiday-makers, but unfortunately it appears the HSA didn’t have sufficient resource to fully implement the new rules in the stipulated timescales.
Meaning that as of today, there are only 3 fully approved tests (Roche Diagnostics, Life technologies & Clent Life Science) and another 48 (eg Oxford Nanopore) working off temporary protocols. Not surprisingly, this has impacted many firms including Avacta & Novacyt Group this morning.
In theory this should just be a timing issue, but for investors it does highlight how:
1) regulatory changes can affect even best-in-class covid screens.
And
2) competitive this part of diagnostics industry has become, despite still firing on full cylinders (see stats below).
For Avacta though, this UK suspension will not have a material impact its 2021 results. Instead it continues to focus on overseas opportunities for its leading AffiDX SARS-CoV-2 RLFT, including within Europe & elsewhere.
https://www.linkedin.com/posts/paul-hill-a5994116_avct-ncyt-odx-activity-6861214899620634624-Wyeo
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I am part of a majority on the LSE Avacta bulletin board that is fed up with trolls. In unity with my fellow shareholders, I have filtered:
Ndn71 RorkesDrift coolfree wyndrum AgentB
I suggest that everyone reading this, who hasn't already filtered these names, clicks on 'Filters' and then copies and pastes in the entire line of Usernames mentioned above.
We as supportive shareholders of Avacta, will add further Usernames of other trolls to this list, if required. But: we will not let discussions over “troll-blocking” clog the bulletin board, needlessly.
I have taken it upon myself, in union with my fellow shareholders, to not respond AT ALL to the baiting of the trolls in response to this Signature.
To LSE admin reading this: I would rather be banned than continue to read the disgusting drivel and slander, on an hourly basis, from the trolls named above - that you have hitherto failed to police. Get a grip; do your job.
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