RE: FDA/CE approval by end of June17 Jun 2020 22:26
Courtesy of Myles
Its prototype BAMS test can "detect the coronavirus spike protein... in the concentration range appropriate for a clinical diagnostic test."
In short, the test works. It will very likely be generating revenue for AVCT in July, IMO.
four additional points to note in the RNS.
1) The test is likely to be both highly specific and sensitive. This will be critical in securing major contracts from public health organisations across the world.
2. the BAMS test could be further enhanced to detect other antigens of the virus particle. Besides improving sensitivity, this could be important in tracking mutations.
3) All is going well with #AVCT's #COVID19 LFT. CEO states:
"This bodes well for all our COVID-19 antigen test development programmes."
And
"We continue to make very good progress with Cytiva on the saliva-based antigen test."
Prototype to be
completed shortly IMO, and hopefully also tested in both the US (FDA) and UK/EU (CE Marking).
I expect further distribution partners to be announced shortly.
For the first time, I will also state my belief that #AVCT is developing a third type of test, not yet announced
4) The Adeptrix CEO alludes to the use of #AVCT's Affimer reagents in a #COVID19 neutralising therapy.
A peculiar reference, given it came from Adeptrix's CEO, and not AVCT's. A request from AVCT to promote the concept, or a suggestion that something is being worked one?
For me, this successful development of the BAMS test will now underpin a major chunk of #AVCT's mkt cap (or more than it) throughout H2, regardless of all of its other activities. That is based on the assumption that it could be generating monthly royalties of $10m to $20m.