The "Tipping Point"19 May 2021 11:14
This share is reminiscent of the game show "TIPPING POINT". Anyone of the deals, some, or all could come to fruition and create an AVALANCHE of cash. Maybe some don't have the patience to delay gratification? Make up your own mind.
1/ Genedrive 96-SARS-COV-2kit
- Huge worldwide potential
- 97.6% sensitivity and 98.2% specificity, compared to poor lateral flow test performance (sometimes as high as 50% false positives)
- Agreement with BC started 28th Jan 2021. Sales will materialise, though lead times and sales cycles should be considered
- Regulatory approval for Thailand and Senegal
- FDA frustrating, though the pace of approvals is accelerating
2/ Pathogen Detection (Bioplex): supplier to US military
- Development contract worth owner 10 million
- 500 kits over 3 years
- Partnership with MountainHorse: this will help develop a broader customer base
3/ Antibiotic induced hearing loss test
- World first
- Worldwide neo-natal hearing loss market worth 35-50 million annually (very niche market)
- Launch summer 2021 to UK and Ireland. Worldwide potential thereafter
- 100% accuracy in testing
4/ World first decentralised qualitative molecular HCV test
- Routes to market impacted by COVID
- Good medium to long-term potential
- High efficacy in a recent peer reviewed study
5/ Listed on the PHE chosen contractors list
- Potential for a share of the 3 billion budgeted future spend
6/ Regulatory approval for Indian market
- High test efficacy; 100% specificity and 100% sensitivity
- Access to a market equivalent to 17.7% of the total world population
- Divoc already in place
- Other contacts also being sourced
In Development
1/ Genedrive Saliva Test
- 15/20 minute rapid turnover
- Target market: schools/offices/travel etc.
- High accuracy unlike lateral flow tests
2/ Point of care test for tuberculosis
- On hold due to COVID, though good future potential for 2022/2023.
Other important points
- Healthy cash to burn ratio
- High stock levels to fulfil orders
- European ministry of health opportunity. Potential for a low double digit millions of pound order to be delivered in a short period of time
Good luck all