Member Info for RegulatorUK

"Check out the TTG RNS just released.

https://www.lse.co.uk/rns/TTG/update-on-virolens-1fsmeygqsvqtawd.html"

I have. It doesn't talk about "MHRA approval" but "MHRA registration". There are subtle differences between the two that many people don't understand. What is not clear is which is actually correct in relation to Virolens...

"Don't know if anyone else has seen this but the above companies have just been approved by the MHRA for rapid testing. people might want to check them out."

Got a link? What do you mean by "approved by MHRA"? Do you mean CE marked?

"Am I the only one terrified at the prospect of being binned this morning?!!"

I only took Dunning-Kruger2021 (I do hope StarBright doesn't mind if I pinch that) out of the green bin this morning because someone quoted one of his posts which demonstrated his complete lack of understanding around the Contracts that have been awarded. I didn't want other people, who don't have the idiot filtered, to be misled by his inaccurate and ignorant posts.

I'm sure I'll be binned now... can you guess how many f*c*s I give?

:-)

"Completely wrong, what is your agenda , you europhile, frightened of the truth. We have looked after the monsters in Europe, dictators , and you believe them you are stupid"

Nurse! He's on the computer again...

"Matt I agree 3p would be great hopefully by mid April with good news , the heady days of dreaming about 10p plus have gone for most of us and now have a more realistic target. Come on lets see a big Voltz deal please"

3p would be nice... 5p would be better!

*the UK signed it's contract

"I find it very sad that the European Union is now fighting over the vaccine that the United Kingdom ordered many months before them."

They aren't. The EU signed its contract for the AZ vaccine *before* the UK signed it's vaccine.

Most of the AZ vaccine doses used in the UK are not manufactured in the UK - they're manufactured in the EU and India.

41m doses of the AZ vaccine have been exported from the EU to other countries, including 10m doses to the UK.

The UK has not exported a single dose of the AZ vaccine, despite being part of the COVAX programme - so that's another international obligation breached by the government... and it means that this pandemic will drag on for longer.

"Reg certainly agree with all of that apart from the price example . Think you'll find most big orginaistions are paying around 15p per unit and the pro larva will be no where near 10x that but yes more expensive, prob get shot down about price but can only say what iv been told etc ."

If you're buying commercially outside the NHS procurement structure, you are probably paying 12-14p+ per mask. But if you are an NHS organisation buying through the NHS procurement structure (e.g. NHS Supply Chain) it'll be substantially less.

The key point is that relatively few people in healthcare need to wear a Type IIR mask for significant periods of time. In most cases, they'll be changing them frequently for IPC reasons anyway.

The real market for this mask will be those areas of the economy where people may need to wear a single mask for a long period of time.

"Regulator, " My lowest was 0.07p and my average is now 0.019p..."

How can your average be lower than your lowest?"

Soz - typo. Lowest was 0.07p - average is now 0.19p.

With a current price of 0.60p I'm already laughing but if we go 1.0p plus I'll have a stupidly large grin on my face!

:-)

"Regulator I have to agree , rather embarrassing backfire today . I just hope there is more structured PR and networking resulting in contracts happening behind closed doors."

I think the key issue is that this mask is competing in a very crowded market (there are lots of Type IIR masks) and its USP (the virucidal aspects) aren't really a USP, as there are other virucidal masks out there. What teh company needs to concentrate on is the timeframe that the virucidal effect lasts - which is it's real USP, as it longer than the other virucidal masks out there.

But they have to acknowledge the price is an issue that will limit its use in health and social care organisations where, irrespective of how long the virucidal action lasts, masks have to be changed multiple times a day and having something that lasts for 7 hours but is 10+ times more expensive than your current mask is not really a strong selling point.

There are other lucrative markets though. Places and situations where wearing a single mask for long periods or the whole day is appropriate... e.g. aviation/transport, some aspects of retail, education and many workplaces. That's where the company needs to focus on selling.

Masks will be with us for the medium to long term. There are good possibilities out there but the company needs to be realistic about its focus. If it does, I look forward to further very nice profits!

Magnesium are not helping the RMS cause with their inept publicity stunts and inappropriate claims on their web-site.

"Some people bought this at 0.004p! There is bound to be sellers"

Lucky gits. My lowest was 0.07p and my average is now 0.019p...

"Ok , with respect I’m not making an argument whether the vaccines in the west are better than the rest of the world ..... the point I’m making is medical staff don’t trust the non west vaccines hence why some are refusing to take them and opting- waiting for western vaccines to be available ."

I don't know a single health care professional in the UK that has refused a vaccine based on where it was manufactured. In most cases those getting the vaccine won't know where it was manufactured.

"Josepi, I wouldn’t trust west vaccine- 1 instead of the 10 years it normally take for vaccine development. Plus why did the west vaccine manufacturers seek and get immunity (no pun intended) from prosecution or damages payments?"

Actually, the main European manufacturers (irrespective of where their vaccines may actually be manufactured) have not got immunity as you suggest. The UK government has waived civil liability in the UK for certain manufacturers - they have not waived criminal liability.

I have a feeling they may have run out of room in the warehouse and are using some the office space as overflow storage.

"JohnHenry calls "classless fools". Now that's the pot calling the kettle if ever I heard it. What an anchor. Another for the bin."

I think he and FourFigureBull5h1t may be related...

"at 87 just to see if it is possible to buy in the morning and sell at close and make money here."

I've topped up my holding in my SIPP (seemed rude not to at this price) and I've added to my ISA as well. I think I might join the trading experiment with the ISA addition...

"My initial target for big news is 6/7th April due to the DPS £8bn tenders having a deadline on that day;"

They're unlikely to make announcements on the days the tender closes or within a few days thereafter. They have to assess the bids, notify the bidders and apply a standstill period (as there's been a competition). You're probably looking at late April/early May before any public announcements in that respect.

"I am a lawyer actually hence my enjoyment of a good debate."

That's good to hear.

"With respect Regulator in my view you are incorrect."

On what exactly is your view based? My view is based on the fact that this sort of thing is my day job (or rather one of them)...

"The document does not say or infer that the triggering would apply to "all" suppliers."

It doesn't have to. Anyone with an understanding of how procurement law works would understand it.

"Indeed if that were the intention you would expect that that would be made obvious by the language used."

It is obvious if you understand what it actually written in that paragraph.

"It would not imo leave the government open to judicial review were they to decide that because of the particular nature of one test the usual protocols of Porton Down were not as applicable to that test and that another regime (as perhaps discussed between the DHSC and the company) would lead to the test being more "appropriately validated" to crib the words from a AVCT RNS.
If they could show such a decision was reasonable and not arbitrary they would succeed."

I take it you're not a lawyer or a procurement specialist*...

*I am.