GREAT TIME TO BUY AVCT15 Jun 2020 16:27
Avacta Group
(AIM:AVCT ) has entered into an exclusive distribution agreement with Medusa19 to supply its rapid antigen Covid-19 test directly to consumers around the world.
Medusa19 was recently established by Richard Hughes and Mahmud Kamani, both founders of Boohoo.com and shareholders of Avacta, to build a global consumer self-testing business.?
The group, whose initial focus will be Covid-19 home testing, is currently investing in global e-commerce, logistics and customer support infrastructure to prepare for Avacta's test launch.
Avacta’s saliva-based rapid test for the Covid-19 antigen is intended to give a result within minutes and is intended for use by both healthcare professionals and consumers.