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Looking forward to this presentation, I have signed up. No doubt AS will give a lesson on how to gloss over the fact the 6 month results will probably have no more than £1-£2m of revenue in and Affimers are still yet to be proven outside of the lab in trying to justify a £430m MCAP. No doubt he will talk of billion dollar markets to wet the appetite.

Starbright - they already have committed resources in the capex outlay, and the only way to recover it is using it to make tests!!

Agree self test is the biggest piece of news as this opens up many avenues. Which again, is probably why it is being held back.

I think we are debating a problem that isn't....!!! The Gov want these tests. We will make the tests, and we wont sit on our hands for another 10 weeks while they decide what to order.

JAdam - Any company in any industry trying to make and sell a product is entitled to make assumptions about expected demand based on market conditions and the quality of the product and USP. It is pretty easy to make a call in a pandemic that high quality tests will find demand when there is a shortfall of such tests and that your entry in to the market was at one of your biggest potential customers request.

There are hundreds of companies out there producing products that they hope they will sell.

JAdam - it does happen and there are ways around doing business within those realms.

I don't expect it will go on much longer, what I am saying is i think it's already going on.

Symbo - 100% it would be better for all concerned if they had this open honest approach, but they haven't done this since March so why would they start now!

More likely they will say it will initially be rolled out to a smaller population and then available to everyone, which is what they have done so far. It shows it's available and moving forward and buys them time.

But the question is - are the UK RTC members willing to work flat out and direct 100% capacity to these tests for say a 5-10 week period. The numbers quoted before are pre scale up and based on 5 day week 9-5 or something like that.

Or could it be that Mologic are not greedy capitalists that have a primary objective of maximising their wealth out of this pandemic or trying to ramp up a share price on hype? They do not need to brag about what they can achieve. They have the government's ear, plus that of several other influential bodies. If Mologic's Anitgen test was to be approved tomorrow and rolled out in the 100s of millions, the first you would hear about it is when they are ready to tell you about it. They wont go around pumping up expectation of it, getting conditional and premature manufacturing agreements in place or distribution agreements. We found out it's in a live trial before hearing anything about it other than it's in development. Mologic are a dark horse here because they have a fantastic team of capable experts driven by tackling the pandemic and providing solutions, and not by profit. Omega's involvement is a bit of a hybrid of that because we get the benefit of their work to take into commercial distribution.

Following on from my earlier comments.....

i really think that Mologic are going to pee on some bonfires and come through as one of the most significant contributors to this pandemic. UK RTC may have put ODX on the map, but Mologic can help build an empire. The fact CK has reserved 80% of our capacity for these tests is evidence enough.

I would say that is a strong indication that they have cracked the saliva test. It is the single largest grant Gates foundation have issued for Covid.

OK thanks.... i've been very busy the last week I've missed 80% of the posts. Perhaps that's what helped some of the rise.

According to the Gates foundation website, they issued a grant to Mologic of just over $27m for Covid development and manufacturing in August.

$27,000,000!!!!!! Wow. I suspect this is going to help them make tests available at low cost, but there must be a hell of a lot more to come out of the story with Mologic for a $27m grant!!!! Can someone just validate that I am reading this properly....

https://www.gatesfoundation.org/How-We-Work/Quick-Links/Grants-Database/Grants/2020/08/INV-022794

Erm..... hang on a minute, i don't think anyone has seen this before .....

I am not sure if i should share this before my top up on Monday......

Anyone who doesn't know a lot about Mologic, read this link.....

Backed by Gates Foundation, UK Government, Welcome Trust and Foundation for Innovative New Diagnostics

In 2015, the Gates Foundation approached Mologic to create the Centre for Advanced Rapid Diagnostics (CARD). CARD was set up with a $5m grant

Covid-19 - A dual rapid test to detect viral antigens in saliva and IgM and IgG antibodies in a fingerprick of blood. The device will be made available rapidly at scale in a self test format to mitigate the effects of the current pandemic.

https://mologic.co.uk/our-core-markets/global-health/

Anyone that has never seen this article it's worth a read from April. It mentions Mologic antigen and antibody. 1 out of 2 in the bag.

https://www.360dx.com/infectious-disease/immunoassays-coronavirus-testing-including-self-tests-targeted-mologic#.X2NQzmhKiUk

Most people really do not appreciate what a big deal it is to have access to Mologic's tests. These are really at the cutting edge of the industry. Mologic have one of the founders of the clear blue pregnancy test, the first test of it's kind.

Could they be the one's to unlock the solution of a combined antigen and antibody tests as described on their info page.....

Colin has selected to work with Mologic's tests for a reason. They have proven expertise and proven success. 80% of our capacity reserved for these tests for a reason. THey are also woth more to us per test than a UK RTC test.

The lateral flow antigen device has been used in heathrow trials. The antibody device is a triple antibody test. These guys are not out there with methods that have only been tested in the lab trying to create value in their stock price, they are only interested in delivering solutions to tackle health problems.

https://twitter.com/fortressdiag/status/1293924556755947522

The next job advertised will be a valet car attendant to take care of Colin and Kierons's Rolls-Royces.

That looks like the Fortress test that had 82-4% sensitivity.

Aside from the immediate covid testing opportunity, this pandemic will transform the UK diagnostics industry from a handful of small niche businesses into a large nationwide powerhouse. These covid test will pay for the next generation of tests and fuel m&a to strengthen the industry.

Avizandum1 - not sure you know what you are talking about. ODX are only interested in production of high quality actual tests, not fantasy tests. It will take a lot longer than 4 weeks top produce enough antibody tests.

_TCO - Hmm hadn't thought about expiry, 3 months doesn't sound right to me though, you should get 12-24 months shelf life.

Shareinthis - The ODX plan per the fundraiser presentation had only 10% reliance on UK RTC orders. We are hardly at UK Gov mercy. However, it's clear to those that have done the research this is in the bag.

Fact is if the government announce the strategy now, they will be under great pressure saying why is it not in the post already, we want the tests now. So they need to make sure it is timed for political convenience. The consortium need to make them and stock pile them and they also need to have government policy regarding what a positive and negative test means. I also think they want more people to get covid before they do the mass test as it gets them closer to herd immunity. Do you want to distribute 50m tests just before a time when you expect a second spike, as the mass test is immediately out of date? Unless you want to screen before the second spike and after, but they wont have enough tests in time. They need 50m tests and currently 10m are committed to be made by year end. That clearly needs to increase 5 fold, and the longer it goes on the quicker they need to produce them and the more per week to be committed to UK RTC. 200/500k tests made per week between now and dec is worth the same, whether we get the cheque tomorrow or in December.

Omega need to start producing. If they may 500k a week from now until Dec and MHRA approval doesn't come until December, they have 3 and a half months of stock which will sell in one day. Manufacturing capacity is the limiting factor, not demand.

let's face it it wont come to that the orders are there in gentleman's agreement and will become official when they want people to know.