RE: SP Angel Healthcare Conditions- 24-03-202124 Mar 2021 12:01
Latest sp Angel note below .
Copied from the website .
Company Update
Novacyt S.A. (NCYT.L*): Launch of new panel test to detect COVID-19 variants
Market Capitalisation: £512.8m; Share price: 726p; Target Price: 1,433p – BUY
• Diagnostic developer, Novacyt, is launching a new panel test which can detect multiple COVID-19 variants.
• SNPsig® VariPLEXTM is a PCR-based assay which can detect four viral variants of concern and two key mutations in a
single kit.
• The panel detects variants originally identified in the UK (20I/501Y.V1), South Africa (20H/501Y.V2), Brazil (20J/501Y.V3)
and California (20C/S.452R) as well as the N501Y and E484K mutations which are associated with increased viral
transmission and immune system escape, respectively.
• VariPLEXTM can be run on the Group’s q32 instruments and can be deployed in a near-patient settings or in a central
laboratory.
Given the concern that certain strains may impact the efficacy of COVID-19 vaccines and therapeutics, SNPsig® VariPLEXTM should support efforts to track and trace individuals to reduce transmission. The panel provides an alternative to next generation sequencing (NGS) to detect the specific variant present in a patient sample. NGS typically requires up to 14 days of off-site analysis. The Group notes that VariPLEXTM is a customisable assay and new mutations can be added to the panel. As the emergence of new variants are expected as viruses accumulate new mutations, this feature ensures the panel remains clinically relevant over time.
* SP Angel act as Nomad & Joint Broker to Novacyt