RE: Avacta and revolutionary tech12 Nov 2020 09:10
I agree, everything looks fantastic on paper, in board presentations and every time the CEO speaks.
The problem is, sentiment is wearing thin now. They can present as many fantastically promising slides from the lab as they want, but until shareholders see validation results, sales orders in place, contracts won, or an actual physical product being taken to market then these doubts will remain and increase.
Avacta are a small biotech, not AZ - hence there is legitimate doubts over both the company and CEO about whether they have the acumen and ability to turn what does look like revolutionary science into pound notes. They've been treading water for months now through internal and external delays and issue. I think they have around a week to complete TT and commence validation to have any chance of getting LFT to market for professional use before 2021.
BAMS validation anyone?!