Member Info for RegulatorUK

"Remember this brave heart is always takes unexpected beware"

Is this word salad meant to mean something?

What do you mean by 'ODX being used'?

" You would think now the R rate in the next 3 weeks is going to rocket, in my mind i have no doubt - But as long as you don't end up in the NHS, that is OK."

What we're seeing is a shift in the profile of patients being admitted. They're getting younger - and admission of children in particular is increasing at a high rate (albeit the numbers overall are still relatively small). We're predicting a further wave in June/July with another potential lockdown...

"This RNS was meant to be the saving grace for this stock which would propel it straight through the moon."

Says who? No credible LTH thought that.

0/10 for the strawman.

"NHS have about 60 k plus staff I think and the govt god knows but that a lone is a lot of tests....hopefully odd!!"

The NHS has much more than 60k staff. In England alone, the NHS has 1.3 million Hospital & Community Health Service staff - and about 137,000 Primary Care staff.

"This will now take longer then we hoped "

Will it? I don't think anyone who actually understands the process for developing medical devices was expecting this test to ready for market by now.

What we were waiting for was news on the clinical trials and that's what we got - and it was excellent news!

Interesting... in that no saliva test has been validated by PHE yet. I wonder if the Airport will be asked to change.

My green bin is overflowing this morning...

"If the process involves ultracentrifuge, how can it only take 120 seconds?

Genuine question!"

It doesn't - the comparator test does.

The share price will take a hit this morning, as the 10%ers and bedwetters get rinsed by the derampers and the MMs. At the moment I'm on a free ride, as I've already recovered my investment - but I'm tempted to take advantage of other peoples' panic and top up again.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.

Totally agree. This is a game changer, with the potential to revolutionise testing across a range of conditions.

I disagree. I'm looking past Covid and seeing what a diagnostic system like this will add to healthcare, given that it can be adapted for a wide range of diseases. This is a long term investment for me.

"Am I right in thinking airlines, government etc only use and accept gold standard tests?"

The government doesn't exactly have a record of using 'gold standard' anything - other than bulls**t.

"Samples are being processed and subjected to analysis using Paraytec's photonics-based detection system. The average time to acquire test results is currently less than 120 seconds, a market-leading value. The laboratory trials data confirm the performance of Paraytec's photonics-based test in identifying patients with an infectious viral load within the acceptable range specified by MHRA"

Yep - very happy with that RNS.

"Should have waited until 4.20 could have taken 45%"

45% Pah!

My free ride shares are at 281.33% and climbing...

:-)

It will make it harder for ministers and their appointees to award large contracts to Tory Party donors and their mates...

"so are you saying that possibly a "gentleman's agreement" has already been made (*wink*) but from the outside it has to look impartial. "

Not exactly...

DHSC has taken steps to secure access to the LFT production capacity but, due to exigencies, have done so outside the accepted procurement processes and, in so doing, potentially restricted the market unduly. They can do this but they need to mitigate the potential restriction to the market - a DPS enables new entrants who meet the requirements (are 'qualified') to potentially get a slice of the pie as well.

"thanks regulator - but i still dont understand how the gov can give equipment at such an "early" stage?"

They'll argue exigencies - but the recent judgement made it clear that even in a pandemic there are limits.

Opening a DPS to new entrants mitigates the likelihood of challenge.

"regulator - i am confused. Surely if the government have issued equipment then ODX have gone past the award stage? that newspaper article suggested the three approved suppliers so they must have won a bid already?"

There was no bid. By putting in place the DPS, the DHSC is opening the market to new entrants and thus mitigating the potential for challenge that might arise from what it has done (or failed to do I should say) so far.

"Do you think then that we might see multiple smaller contracts rather than a big £700m whopper that we all hoped for?"

I think we'll see more contracts - but they're not going to be small...