Member Info for T0n1c

MerchantBanker has posted some great stuff on Mologic before now, but the landscape seems to be developing..... very nicely.
* We know they're the company that developed the original pregnancy test.. LFT
* Earlier in the year they received a £1m government grant, to help fight Covid https://mologic.co.uk/mologic-awarded-c-1-million-by-uk-government-to-develop-rapid-diagnostic-test-for-covid-19/
* Bill and Melinda Gates foundation have provided in excess of $20m funding to Mologic
* Mologic have already developed the ELISA antibody test, and Omega have tech transferred that in-house
* Mologic have developed the only triple antibody LFT test - Omega have tech transferred and CE marked that under the Vastest brand
* We were told before that Mologic were working on a saliva based Antigen test
* We know that Mologic were used in the Heathrow trials, but it's not clear if that was a saliva based LFT or nasal swab test
* Since then, there is evidence of email comms with Mologic, that states they will have a nasal swab rapid test available before Christmas https://pbs.twimg.com/media/En0lujPW8AI9XrQ?format=jpg&name=large
* We now have evidence that Vatic have developed, in partnership with Mologic, a saliva based test https://news.sky.com/story/covid-19-british-inventors-unveil-saliva-swab-test-that-returns-result-in-15-minutes-12166405?fbclid=IwAR2D_JnDmvFC44psfHT1qYfPM4sw1R5uTzrhRa5b-Kt0TwzOvLqjuU5GUvI. https://www.vatic.health/news/vatic-announce-partnership-with-mologic
* We know Mologic have met design freeze on one of these, if not both, as Omega have already commenced tech transfer.
Which one is it?
It really really does feel like things are all coming together.

Thats in addition to more than $20m from the Bill and Melinda gates foundation.

Mologic were awarded a £1m government grant back in March
https://mologic.co.uk/mologic-awarded-c-1-million-by-uk-government-to-develop-rapid-diagnostic-test-for-covid-19/

Here it is Korda
https://twitter.com/SimonHa56798569/status/1332830519889973249

Korda, There was a post on here recently that indicated an email exchange between one of the members and Mologic.
The outcome was that they had developed a nasal swab LFT, that would be available this side of Christmas.
I will try and dig it out, and resurface it. You can then judge for yourself the authenticity.

I don't think £75m is anywhere near 50m tests.
In previous presentations Colin was suggesting sub £10, but nowhere near £1.50. £1.50 is the test cassette delivered to Abingdon, who then package with instructions etc.
So if we say £7.50 per test is the price to the government, that's no less than 2.5m tests to be manufactured by Omega.
ODX could flex capacity to produce more a week, but we make more profit in other tests.

Any familiar names gone in on ABDX?

I'm waiting on the sidelines for now.

I agree FFB.. but there are many many factors to this... many of which many of us will not even be aware of. I don't even want to put my time to trying to work it all out, particularly when the UK gov is involved.

The more we hear on Oxford/AZN, the more we hear about stricter lockdowns, the more we hear on proof and entry, Bill Gates claiming the next 4-6 months may be the worst yet to come, the more I just thing testing, and unfortunately Covid, is here for quite some time.

I just feel confident in my investment in ODX and will let it play out.

Pablo, Omega aren't equal partners in the RTC, with Abingdon.
Abingdon are on point for 50% of production.
But this, I think, works in our favour. As you point out we have number of other tests that bring us greater profit, which is why Colin has only allocated 200k per week to RTC production.
I've no doubt there are some political schenanigans going on, but feel wholey confident things will all play out in the coming weeks, into the new year.
MHRA approval pending after a "small" evaluation that may now be completed?
FDA approval?
The £75m RTC order (waiting for ABDX to float?)
Mologic - All very quiet on that front, but we know that Mologic met Design Freeze, as Omega are in tech transfer now, and all going well will conclude ready for production in the new year at 300k tests per week.

There is a lot to land news wise. I wonder is ABDX is a reason we've not seen some of it yet.

There's a lot of varying info out there on the Heathrow trial, with more information expected tomorrow.

https://www.collinsongroup.com/en/insights/collinson-and-swissport-launch-the-uks-first-pre-departure-airport-rapid-testing-facility - published 20/10
States - "LAMP tests have been accepted and approved by the Hong Kong Government, and antigen tests for Italy."

https://www.travelweekly.co.uk/articles/394342/heathrow-launches-pre-departure-testing-trial - published 30/11
States - "the study is expected to assess the effectiveness of PCR tests, LAMP and Lateral Flow antigen devices."

I guess time will tell.
It's good for Mologic though, as it was another live trials environment that would have helped them reach Design Freeze, which we know they have, as Omega have already commenced Tech Transfer.

The calm before the storm.

This is a good thing, I think.
There's been a lot of speculation around the impact this may have on ODX, which no doubt causes concern for some.

I wonder if some news will land before then, to bolster their listing. MHRA perhaps in the coming days?

Does the 30 days not just apply to the closed period around Interim/year-end reports?
I'm always learning.

If I knew. I'd probably be richer than I am... but any of the above can land at any time.

I wonder what the next RNS will be:
Self test MHRA approval for the ABC-19 test?
UK RTC orders (with or without MHRA)?
Some interesting thoughts on twitter on whether DHSC will buy if MHRA approval is not given:
* One thought is that MHRA is a given.
* My thoughts are that I see it as a get out from the commitment to govnt discount buying... providing the opportunity to sell world wide more profitably.. but I think the RTC will be more ethical with the approach than my PI view.
Will we see an RNS on Mologic CE marking the Antigen test?
Will that update come in the Omega TT complete and CE marked RNS?
Orders from NGO's for the CD4 HIV tests?
More orders for Food Detective to China perhaps?
Update on capacity expansion, to the 500k a week by the end of December?
Several countries have been validating the Visitect triple antibody test.. maybe orders for that?

There's a lot going on, and a lot to come here.

https://www.introdent.com/shop/visitect-covid-19-igm-iga-igg-rapid-diagnostic-test/

There was a few sightings noted here, a month or so ago, of the tests having been delivered to customers too.

You can never say never, but there will be no placing in the near future.
in 2 presentations now Colin has confirmed as much.
£7m in the bank, currently, with a £2m overdraft available.
On top of the revenue coming in.

I don't know what it is Boot, but I'm some how more inclined to believe Colin than you.

Satallite - Omega have an established global distribution network, in some very large markets.
I've no doubt they will be promoting the products to those that need/want to distribute them.

Boot - Omega (Colin) has commented that the Antigen test will be available late this year, early next on a number of occasions.
The latest presentation:
https://webcasting.brrmedia.co.uk/broadcast/5fbf9d78b19325729a9d7d05
19'20" onwards - "In terms of the technical transfer. As promised we have commenced that work , with Mologic, to bring the test into Alva".... " We expect that work to complete early in the new year, and importantly sales to commence early in the new year as well".
This in addition to the capacity to produce the current portfolio of:
UK RTC ABC-19 Antibody tests
Visitect Triple Antibody tests
CD4 HIV tests
Food Intolerance tests

https://www.bbc.co.uk/news/uk-55198298