RE: MMs1 May 2020 14:41
think its good to see these sellers cleared out before next news
still some selling even yet ,had thought yesterday might have seen seller cleared
have used this selling to buy more myself
and if the selling continues might even buy more
thinking this month going to be a good month
personly happy to hold even if takes two or 3 weeks before we see the news
need really good news to move this up to try and get up to or over £5
Research and development update
As announced on 15 April 2020, Novacyt has been working to address the current reported global shortfall in extraction reagents required to perform PCR testing through the development of a new extraction technology. This technology avoids the use of magnetic beads commonly used in the extraction process. The development of a new "direct-to-PCR" extraction method, Exsig™ Free, used prior to running the Company's COVID-19 test, will therefore remove the need for scarce reagents used with magnetic beads and significantly reduces the number of extraction steps, allowing faster cycle times, higher throughputs and cost savings. The Directors believe this innovation should facilitate an increase in testing capacity for COVID-19, removing a current bottleneck in sample processing for laboratories. Development is progressing well and Novacyt is on track to launch this new extraction technology in May 2020.