Member Info for Muck165

Thank goodness for the letter “u”

Fair to say the committee is “concerned”...

Published yesterday

https://committees.parliament.uk/publications/6264/documents/69158/default/

Just some Snippets re Innova which I’d not seen before;

A 3 March 21 DHSC response to an FOI request -

https://www.whatdotheyknow.com/request/711482/response/1737337/attach/3/FOI%201280411%20Lubbock%20reply.pdf?cookie_passthrough=1

Data supporting Liverpool Health Protection Board decision to discontinue use of the Innova test asa test to enable solution for visitor access to care homes

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/943187/S0925_Innova_Lateral_Flow_SARS-CoV-2_Antigen_test_accuracy.pdf

And one observation. The FDA started its inspections of INNOVA on 15 March, presumably because by then it felt it had cause, for whatever reason(s). The DHSC signed its last contract with INNOVA on 13 March, two days prior, for £1.2b.

Is it naive to think the FDA might have alerted the DHSC to concerns it had about Innova prior to the signing of that 13 March contract? Certainly Innova will have known about the FDA inspections starting 15 March when signing that contract.

All too true…

Agree GLR - taking profit is so important, as is balancing both positive and negative comment rather than getting dragged along in hype. If you don’t, things like this can happen

https://www.gofundme.com/f/79j4y-help-me-get-my-life-back?member=11760695&utm_campaign=p_cp+share-sheet&utm_medium=copy_link_all&utm_source=customer

Think what you like about this chap, but for me he was just a bloke trying to improve his lot, got caught in hype, borrowed heavily, and lost the lot. An idiot, but very sad nonetheless.

If anyone has the time, Abdx, Avct and indeed Sona are all due to speak at a virtual diagnostics open day on 17 June to discuss “ Accelerating diagnostics test development”. You can register here if you want to

https://www.labroots.com/ms/virtual-event/accelerating-diagnostics

For those interested, the Sona price has collapsed today after they discontinued their V2 saliva based trials. Standing at around 38c, having once been up as high as 14.50 CAD.

R.I.P

https://ceo.ca/@newsfile/sona-discontinues-clinical-trial-for-covid-19-rapid

Thanks Martnotsosmart - makes your blood boil really....

He's trying to give an account of his conduct to the Science and Tech committee as we speak -

https://www.parliamentlive.tv/Event/Index/f6726bde-a69a-40e6-bbc1-de76b90f3cca

I wonder if the delay has anything to do with Han****’s appearance before the Science and Tech committee this morning..?

Thanks to @horseinvestor on Twitter for posting

https://www.conservativewoman.co.uk/the-innova-lateral-flow-tests-another-scandal-in-the-making-part-1/

Again thanks BBN - and to note, ABDX will have to update the major shareholders details on their site by 14 June, as required by AIM rule 26.

Yep - great post thanks BBN

Just to add that a couple of questions have been raised in parliament about the ABDX contract, due for a reply today. This is in addition to the questions the same MP has asked about the ODX contract.

https://questions-statements.parliament.uk/written-questions?SearchTerm=Abingdon+Health&DateFrom=11%2F05%2F2021&DateTo=31%2F07%2F2022&AnsweredFrom=&AnsweredTo=&House=Bicameral&Answered=Any&Expanded=True

I thought the same Timster

This was from the 10 May RNS

“The Group expects to receive confirmation of the registration of the AffiDX® in-vitro diagnostic device in the coming days, which will allow the Group to immediately place the test on the market.”

Registration has now been received, but M19 aren’t yet listing it for sale. Any thoughts on timescales for them to do so, or whether indeed AVCT might do so through AffiDx.com?

We had a £7.7m cash balance when the trading update was issued. Without payment from the DHSC that will have depleted, but it still hasn’t stopped us recruiting....

https://jobs.cubedresourcing.co.uk/vacancies/2307/health-and-safety-coordinator.html

Must surely be a reason for it..

Once again this New York based Ginolis sales chap liked today’s ABDX LinkedIn post. Another interesting like is from a chap called Tom Elliott at Medilink. Here’s a bit from his bio..I’ve put the interesting bits in CAPS...

“Medilink UK is the largest association for Life Science and Healthcare companies in the UK. As the International Director, I am responsible for all regional and national projects TAKING PLACE OVERSEAS, overseeing the private consultancy services offered by Medilink's International Team, acting as a specialist adviser for the Life Sciences, Healthcare and Bio-Tech sectors.

Medilink offer a range of services aimed at GROWING A COMPANY’S MARKET SHARE IN A FOREIGN COUNTRY.”

The bio further explains he’s responsible for the North of England region, so not much of a stretch to think he’s working with ABDX to assist with overseas markets (like our 7 tier one opportunities).

Just an observation, but I’ve been watching the ABDX trading book on L2 for a few weeks now, and it’s very very noticeable how the MM’s change their position on the book at the precise time a single digit transaction goes through - not a second before or after. It really is like they are talking to each other.

For me, I wonder if we are in the final throes of Singer managing out a larger seller prior to the required Rule 26 update ABDX will be required to give on 14 June.

Or I could just be talking bollo x...

Me too! Any idea why the drop?