Abingdon28 Dec 2020 13:16
Having been a little concerned about the absence of any mention of Abingdon in the company's last couple of RNS's, I've been having a read through Abingdon's Admission Document for the 15th Dec IPO. Was happy to see the following paragraph in there:
[7. Customers & Competitive Environment
Customers
Abingdon Health undertakes work for contract development and contract manufacturing clients spanning
the healthcare sector and other industries. Its clients in the UK include Avacta plc, Concepta plc and the
DHSC]
Quite re-assuring to see that the Abingdon/Avacta relationship is ongoing. I was also interested to know what their manufacturing capacity is. I found that it will be 1 million tests per week by the end of this year, but that will increase significantly in 2021:
[8. Strategy
The Group’s long-term strategic objective is to become the largest manufacturer of lateral flow tests globally,
providing development and contract manufacturing services to clients spanning a range of applications
across the healthcare and non-healthcare sectors.
The Board is, in the short-term, seeking to continue the expansion of Abingdon Health’s lateral flow test
automated manufacturing capacity such that, by the end of 2021, the Group intends to have capacity of
150 million tests per annum.]
So, it seems that the capacity will be there when we finally put the finishing touches to our gold standard test.