RE: Avacta22 Feb 2021 09:52
LFT's are a fad, as for the rest of the Avacta
business that's been running since 1999
With no mention of first 13 yrs of failed business model on in Key Investor page or their origination as animal bio company in 1999. Page says they came to AIM in 2006.
I judge companies on their intentions and ability to execute their plans. Summer 2020, wonder what they were saying in 2011 as the SP rose and directors left and in 2017?
Took the hype of LFT's to resuscitate the Share price. Now this bubble has popped.
By the way Roche with all their buying power and economies of scale have 50%,spare Antigen LFT capacity at end of jan. Do you think Avacta can catch up with them and Abbott and compete on price
"Roche can also make 100 million rapid antigen tests monthly, but is now making only about half that via South Korean partner SD Biosensor, in part because it does not yet sell them in the United States. It can make up to 100 million antibody tests, too, to detect of somebody has had a past coronavirus infection or if they have an immune response to a vaccine, though demand is currently around 10-15 million monthly, Schinecker said. (Reporting by John Miller; Editing by Michael Shields)"