Used on a MASS basis6 Apr 2020 14:43
Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager, today announces that two of its direct portfolio companies, The Native Antigen Company Limited ("NAC") and Oxford Genetics Limited (trading as "OXGENE") have formed a new strategic partnership to scale up COVID-19 antigen production.
Current COVID-19 tests use the polymerase chain reaction that detects the virus's genome. Although an important first step, these tests can only detect ongoing COVID-19 infections. NAC's antigens, already supplied on a global basis, can be used to develop smaller, point-of-care antibody test kits that could also be used on a mass basis at the community level for the confirmation of historic COVID-19 infection and provide research agents for the development of vaccine candidates. This partnership will see both companies working together towards developing more scalable technologies for cost-effective infectious disease reagent production.