RE: Contract announcement8 Jun 2021 12:40
Handsome1 -The UK Govt have laid the foundations with ODX to build a home grown Rapid Testing Diagnostics company. They have been given a two year contract where all overheads and expansion costs will be met by the Govt.
The downside is Omega do not actually have their own rapid antigen test. They are reliant on other companies supplying them with the test which they can then CE Mark and brand under their own name. I thought we would see a contract in May but that hasn't happened. There's a possibility that we may get orders if rapid testing is required for large stadium events, but the rate it's going I dont see any tests materialising until probably next year.
ODX would be better off making their own Antigen test, cut out the middle man so to speak. I do however see the SP bouncing between 50 and £1 during this time. This is just my opinion, as always DYOR.