RE: ncyt at Aidex this year again17 Nov 2022 00:09
It wouldn't surprise me in the least to see GM back as CEO.
There's something strange going on here.
As I mentioned in an earlier post, there has been no, as in none, advertisements in the UK industry magazine targeted at the actual ppl who use these instruments.
Novacyt did not tender for any of the contracts available for the English community diagnostic hubs. A market, by their own admission, is their forte.
The total contract value for this was billions.
They haven't leveraged that fact, at all, of their Q machines being in 100s of English labs, now largely sitting in cupboards being unused.
Novacyt had a foot in the door, their machines were used, extensively during Covid and were very successful in that endeavour, providing rapid, accurate tests in a very short timescale.
Once covid testing diminished, this was an open goal. Instruments already in situ, staff knew how to use them, eventually, esp when promate was introduced.
There is a plethora of other uses these instruments could have been used for post covid, in routine diagnostic labs.
That would have improved patients' care and lowered costs.
Novacyt, as far as I'm aware, chose not to pursue any of these avenues, for reasons that elude me.
For the last 12 months plus they appear to have done nothing. That may be unfair but I'm voicing my opinion on the evidence I have to hand atm.
We had a new CEO, whose background seemed to focus on marketing. Novacyt marketing dived off a cliff after his appointment, if possible, it was worse after his appointment. We have had 3 or 4 presentations from him during his tenure that were frankly rubbish.
SP always tanked after every one.
None of this makes any sense to me, at all.
If you are a young company, being given that kind of opportunity, you would be kicking ppls door down to sell more stuff to them. This didn't and hasn't happened.
If not, why not.
What am I missing here ??
PS, I've copied this post, so if it gets deleted, as many of my posts seem to, I will repost.