RE: UK gov 5bn budget for testing3 Jul 2020 08:23
What UK-RTC/ODX will be producing is a POC test. It doesn't require a lab. That's the beauty of it and why reliable POC tests are so sought after. Yes, testing for Covid19 will be with us for some time but that will increasingly be on the basis of POC rather than lab-based tests (which will be reserved primarily for those who are symptomatic and admitted to healthcare settings).
The procurement announced was in relation to lab-based testing (primarily PCR). It's being undertaken because the UK public health realm has faced severe under investment in the last 10 years or so, which meant it was ill-equipped to deal with Covid19 - and would collapse entirely if we get hit with an emergent strain like G4 (if it transfers to humans).
The procurement isn't directly relevant to UK-RTC/ODX, although it might have a knock on effect as any health related 'good news' investment story tends to have a vicarious effect.
I've invested heavily in ODX because, as part of the UK-RTC it will be producing a gold standard POC test. It's a long term keeper.