Member Info for Richob

We are expecting ISO confirmation in early May according to the RNS, which means that Mologic should be able to provide the CE mark before then, which therefore must be a matter of days away given it is the 27th April today.

The RNS reads:

"We are now very close to self-declaration of the CE mark of the AffiDX® rapid antigen test for professional use and commercial launch in early May. We have made very good commercial progress with potential distributors, licensing partners and large-scale end users and demand is strong."

Demand is strong. Onwards Avacta.

The CE mark will also cover the UK.

The CE mark means that the manufacturer takes responsibility for the compliance of a product with all applicable European health, safety, performance and environmental requirements. CE stands for “Conformité Européenne", the French for European conformity.

There is a transitional period before UKCA comes in.

Onwards Avacta

... or the fact that the only 265p pluses were on the 9th April and for three days on March as far as this year goes.

The point of your post is not lost Mr Kipling.

Onwards Avacta.

in the results RNS:

"Key appointments of Head of Chemistry, Manufacturing and Controls (CMC), Head of Clinical Operations and Head of Translational Sciences will together manage an extensive outsourced network of drug development service providers."

Not sure if this includes the likes of Astrea but do like the "extensive" part of this statement.

Onwards Avacta.

8th March RNS

Two variants. Easy to read, just like some posters.

Onwards Avacta.

There were two variants mentioned in the RNS.

The second one was the Kent variant.

Onwards Avacta.

From last Thursday I believe:

"We are now very close to self-declaration of the CE mark of the AffiDX® rapid antigen test for professional use and commercial launch in early May. We have made very good commercial progress with potential distributors, licensing partners and large-scale end users and demand is strong."

Onwards Avacta.

... was the phrase used in the webinar.

To add to the excellent points raised on LFT income today, worth bearing in mind that if the UK only wants to pay £x per test and Spain want to open up their tourism industry, then perhaps they would pay a lot more than £x per test.

Demand is less of an issue and more of a bonus from an LFT perspective methinks.

Onwards Avacta.

Saving the "Twonk Bus" for a special tour.

I refer all to the "worth a recap" thread if in any doubt.

Onwards Avacta.

Made a few notes yesterday for anyone interested in elephants:

£48m in the bank
Fully funded into 2023 excluding revenues
10 minute read on the LFT
Detects SA variant as well
Some undisclosed partners
Capacity excluding these is 5-30m per month
GAD have already produced batches
Alternative uses for BAMS as PCR use falling
ELISA equals Abcam but not exclusively
Affinity equals Astrea
AVA6000 in six named UK hospitals
AVA6000 also for US sites ahead of IND filing
FAP activity
AVA prodrug pipeline
Future pandemic preparedness
Commercially driven revenues
Massive European interest in the LFT

Does anybody need any more elephants to discuss?

Onwards Avacta.

I believe the phrase used was "some undisclosed partners".

Very interesting.

Onwards Avacta.

Should be on the Avacta website later.

I think TP understand accounts better than most posters.

They have a target price of 310p based on a 70% probability that the LFT goes on sale. A basic understanding of today's news indicates a higher probability given the interest of governments, which may or may not include the UK and the mention of licensing outside of production.

Onwards Avacta.

Obviously expecting to hear more tomorrow then as the 310p was pre S&S figures yesterday.

Also don't see how 70% probability hasn't already increased after the content of yesterday's news.

As for covid being over, well, I must be watching old news programmes about "red countries".

Onwards Avacta.

Ndn,

How many "new" people know about this yet that didn't know this morning?

All the best.

Hello, Geordie Shores,

Strange first post on Avacta.

Wonder what your agenda is?

Avacta have just announced world leading S&S results. Doesn't sound like a great problem to work out what happens from here.

Please filter me.

.... has only just started.

If you think about it logically, the only people looking for news this morning were existing holders and potentially holders of "linked" shares.

Small news items always follow and larger news players then pick up on it. I have no doubt that this will be getting picked up and would think that would lead to an influx of new investors and existing holders will be adding (some obviously selling as well).

Added to this, we will be hearing about CE marking, production and orders and still have the sell side analyst briefing ahead of the investor webinar on Thursday.

Not a bad time in the world of Avacta and no doubt the fish and chips this week are on Sir Al.

All the best.

We have had derampers on here since the share price was less than £1.

They are therefore a constant and you can either ignore them or have a go at them.

Anybody believing their rhetoric should surely trust their own research and judgement, today being a good example.

Not only do we have a results webinar (in three days time) that will confirm around £40m in the bank, we are awaiting confirmation of the best LFT, a CE mark for it and our own ISO for future CE marking.

Larsh has already detailed various other announcements and revenue generating collaborations and Matt H and Labour are on about the importance of testing and variants.

Could be worse methinks.

All the best.

I think that has to be correct, Mr ST ....

"Correct me if I am wrong, but something as critical as the CV and eventual CE marking, where a few people will be involved, ie. those keeping the CV final reports, from ist evaluation and report writing to the BoD and other essential staff, and seeing how sensitive it is to the share price, I would think the RNS will be issued as fast as it is feasibly possible."

Too many potential leaks involved otherwise.

The issue will likely be that a leak will still occur in the short period between knowing and the issuing the announcement.

This is why I also think that others have posted that it could be intra day, even though intra day is not the usual approach.

Happy to be shot down.

All the best.

"Not mandating" and "offering for free" means they are mandated.

Yes, there were tests at The Crucible for the snooker.

Seems to be a few agendas on the chat this morning.

All the best.