Another bit from the Telegraph in their market update was positive as follows: Biotech boosted by Covid test The pandemic has transformed the fortunes of British biotech minnow Avacta, whose share price soared after clinical data showed its lateral flow test was highly accurate, Julia Bradshaw writes.
The test’s sensitivity and specificity, a metric used by the industry to determine accuracy, were 98pc and 99pc respectively, which is better than the leading lateral flow tests already on the market.
The news sent shares in Avacta up by more than 10pc to 270p, with analysts forecasting sales volumes could reach 20m this year, rising to 90m in 2022.
“This is hugely transformational for us and validates our platform,” said chief executive Dr Alastair Smith.
“It has been pivotal for the company and has significantly altered our valuation by a factor of more than 10 times, which allowed us to raise substantial capital last year, we suddenly got lots more interest from investors.”
I don’t know if any of you have ever watched “Aussie Gold Hunters” on DMAX or Discovery tv, but these one, two, three man operations would put this company to shame. Ok, I accept that thee are significant differences to mining at depth and surface mining, but the glacial pace at which processing and assaying samples and old spoils is unbelievable.
RE: One year until virus mutates rendering vaccines useless30 Mar 2021 23:26
This was never going to go away. There will always be huge swathes or pockets of unvaccinated people around the world. Indeed, not everyone in this country intends to take it, so it will survive in one form or another. I’m expecting to get top up jabs once or twice a year for the latest virulent forms forever. Much like the elderly getting flu jabs every year.
Everyone seems pessimistic about everything around the world, yet a few weeks ago everything was going fine. My whole portfolio has had its worst week since covid struck taking a right hammering. and the week isn’t over yet. I feel sorry for those holding Genedrive, so count my blessings. It will all come good in the new tax year
RE: Biggest problem in online clothing retail- Returns22 Mar 2021 17:11
I think online sales are here to stay, irrespective of the shops being open. It’s the way a lot of women shop and was going that way before Covid. While returns are a problem, they make the returns process easy and keep their customers happy.
A disappointment this past week. Before that, this long term hold has been good to me. Need to get any potential bad news from the Chancellor regarding CGT and pension contribution tax relief out the way this week before it improves. I’m holding.