Member Info for skittish

Our manufacturing partner now has WHO approval

https://www.who.int/diagnostics_laboratory/200407_eul_covid19_ivd_update.pdf

Big day tomorrow.

Interesting that the only other test is Roche, approved 4 days ago.

RNS and up day tomorrow?

Just a hunch.

Death figures for France and US horrific today. Our figures 80% higher than admitted.

No where near under control, yet.

Just for information this is the death released by PHE each day compared with the correctly calculated figures released by ONS two weeks later.

The real death rate is 80% higher than the daily PHE figure.

https://ibb.co/hR3bZDT

Just for information this is the death released by PHE each day compared with the correctly calculated figures released by ONS two weeks later.

The real death rate is 80% higher than the daily PHE figure.

https://ibb.co/hR3bZDT

NYCT (and YGEN) do antigen. Hayden effectively said YGEN will not be doing antibody as that was a different type of technology.

There appear to be no effective antibody tests at present. The government has obtained 3.5M of them from China, but they don't work.

This was covered in the press briefing this evening, although Dominic Raab fobbed off the questioner slightly.

No one has a working antibody test anywhere in the world at present, despite the spin put about by various outlets (and politicians) over recent weeks.

There was a trading update on 8th April last year. There is a new presentation on the company website dated April 2020, which appeared a few days ago.

Hopefully a sign we will get news soon.

Yes, it did appear to be more about working practices, and that was the real purpose of the webinar.

And I thought Hayden Jeffreys was slightly guarded when answering any question which went outside that remit.

But apart from the antigen/antibody point below, what really came across to me (despite the reticence) was how busy they were and the phenomenal demand for COVID testing worldwide. He said they had a large amount of headroom for manufacturing with their new partner (Novocyt) and there is a great demand from both them and the NHS for their services. Got the impression they were fairly snowed under.

Boris in intensive care......

Don't you believe £199 is "a bit steep".

It is actually a bargain.

This doctor was charging £325 per test, the additional cost being as a result of "advice" given. Advice like maybe "You're gonna die"

https://www.thetimes.co.uk/article/coronavirus-tests-profiteering-doctor-returns-2m-to-customers-wrfbrtzsk

And as the article makes clear he had to return much of the money as his suppliers and testers couldn't meet the demand.

So plenty of demand out there even at £375 a pop.

"A private doctor has been forced to pay back a total of more than £2m to thousands of customers who had bought test kits from him to find out whether they had contracted the coronavirus.

Dr Mark Ali’s business selling home test kits was exposed for profiteering two weeks ago: he was charging three times the price for which his supplier was selling the kits directly to the public.

In little more than a week, Ali sold about 7,200 test kits at £375 each, raking in more than £2.7m in revenue. His money-making scheme collapsed, however, because his supplier was unable to meet the heavy demand.

Despite having to reimburse his customers for more than 5,000 kits, he still stands to make a profit of as much as £340,000 for a few days of work."

Powering ahead - 17.5p + 1.63p 10.2%

Could 17's soon be in the rear mirror?

Suspect they are full out in the lab at present with important implications for revenue and cash flow.

Minor point - today isn't over......

New York Times

Novacyt Wins French Approval for COVID Testing Kit
By Reuters
April 6, 2020
Updated 2:51 a.m. ET

PARIS — Novacyt's COVID-19 diagnostic test has been approved by France's CNR arm of the Institut Pasteur, making it available for immediate distribution in France, the healthcare company said on Monday.

The company added that last week, it had also won approval for its COVID-19 test from Thailand's Ministry of Health

Primerdesign
@PrimerdesignLtd
Attached is the latest Specificity Statement from #Primerdesignltd – 2,468 sequences aligned with 100% detection.
#NCYT #Heretohelp #COVID-19

9:30 am · 6 Apr 2020

Coronavirus rates of increase - UK and US remain on ballistic trajectories.

https://ibb.co/qYFKXFx

The truth about the Abbott test -

https://www.youtube.com/watch?v=JpdrU686vAQ

The Americans are desperate.

They are about to lose more people than in Korea, Vietnam, 9/11 and both Gulf Wars all combined.

They will cling onto any bit of good news that they can find - whether it is the totally unsuitable Abbott test, other tests, vaccines, miracle cures, or whatever.

It will make no difference to the outcome they are facing over the next few months.

They have left (and are leaving) everything too late, many places are still not in lockdown.

BJ in hospital.

hhbb8833 - I'm no expert but if you are going to trade/invest in shares then you really need to do a bit of reading and understand such things as market cap, p/e, yield etc.

Understanding these is relatively simple, it is picking the right shares in a consistent manner which is difficult, and knowing when to exit.

And you have gross profit and net profit, and many other metrics. Much is on the internet and many good books available. Waterstones is shut, but Amazon is open! A few quid spent there will be money well spent.

NCYT looks good in the present circumstances - so good luck with your investing!

Informative visualisation -

https://public.flourish.studio/visualisation/1741938/

YGEN gets an approving mention in The Sunday Times today as one of seven companies to benefit from the Coronavirus crisis.

https://www.thetimes.co.uk/edition/money/hidden-science-gems-taking-on-the-fight-against-corona-3jktfb6qn

"Hidden science gems taking on the fight against corona
Should you take a bet on the little-known firms that could be our saviours?"

NCYT is briefly mentioned several times but YGEN's links with it get a slightly longer write up, maybe because NCYT was first mentioned by The Times at 38p.

Of the other shares mentioned four are listed in the US, and one in Switzerland.

So NCYT and YGEN are the only London listed shares in the article.

NCYT only got a brief mention in The Times, maybe because it is already up substantially, and was first mentioned by them at 38p.

Lower down in the article YGEN is mentioned, with a further reference to NCYT.

Optisense and Optigene to whom NCYT supply the kits was mentioned on Channel 4 news last night.

Channel 4

As questions over testing continue – one virologist has been part of a team working on a test, in her spare time, in conjunction with Hampshire Hospitals NHS Foundation Trust.

https://www.channel4.com/news/virologists-develop-user-friendly-rapid-test-that-can-detect-covid-19-in-20-minutes

https://twitter.com/OptiSenseLtd/status/1246554448203218946