Member Info for TallPaulNY

Bliar..........now we know who has been buying up all our spare stock.

Good point......but I would guess his “side kick” has a PhD and lots of shares!

For an II to up their holding after yesterday’s presentation? TR1 due???

Condor need a kick up the Ars*

Shout up please...we cannot all quite hear you.
I await CE marking. Forget Professors Glum and Glummer and the UK

With Christmas three months away, sources in the testing community have confirmed that the Government has developed plans to hit a target of more than three million tests a day by December.

Details of the Government plans show that its "Moonshot" programme, which aims to have 10 million people tested per day, is more advanced than previously thought.

With Christmas three months away, sources in the testing community have confirmed that the Government has developed plans to hit a target of more than three million tests a day by December.

Mr Johnson's ultimate aim (watch the Prime Minister talk about increasing testing in the video below) is for people to have access to "pregnancy-style" home testing kits that can return a result in 20 minutes and give a person a "freedom pass" to get on with their life if their result is negative.

So are we up against three tests which may be cheaper than ours?

Part 2

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https://www.ft.com/content/2f6c4175-19e6-403e-ac7a-632d5df8fb5f

He noted that the false positive rate was found to be 1 to 2 per cent for conventional blood-based antibody tests, “so using this test will create 4 to 8 times as many false positives as other tests”. He added: “This is really bad.”

But Christian Stephenson, chief development officer at Medusa 19, said the tests were to be taken as “triage tests”. 

“It will indicate a current infection, but if you test positive you should still have a confirmatory PCR test,” he said. “If we could screen people before, to reduce the bottleneck in the government, we could stop the roadblocks on testing at the moment.”

Part 1

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https://www.ft.com/content/2f6c4175-19e6-403e-ac7a-632d5df8fb5f

But testing experts have raised concerns that these claims are “misleading”, given that it is an antibody test and antibodies only tend to develop several days after infection. For this reason, the World Health Organisation does not recommend the use of antibody-detecting rapid diagnostic tests to find cases of current infection.

According to preliminary clinical trials, the test has 92 per cent specificity, meaning nearly a tenth of users would get an incorrect result. 

The MHRA, the UK medical regulator, has set a target of 99 per cent specificity for rapid antigen tests and 98 per cent for rapid antibody tests.

“The specificity of this test is appalling compared to RT-PCR [the common antigen tests] and other antibody tests,” said Jon Deeks, professor of biostatistics at Birmingham university and lead author of a continuing review into antibody testing by Cochrane, the independent global health organisation.

Compared to how Al Smith has managed Avacta products and PR, today was a disgrace. He really needs to step back and look at todays reaction and formulate a much better strategy, irrespective of the potential of the product. The company has a great team, but just compare to Avacta to see what went wrong. I feel there were a number of omissions in the RNS which became apparent in the presentation.....and the sell off.

Will help us today

They won’t mention testing as it’s really an organisational issue. They are there just there to advise

He’s obviously under an NDA. That’s a positive in my book.

This is how the government wants to educate and convince the population??
I am bored already
JUST TELL THEM THEY HAVE AN EXCELLENT TEST !

Jeremy Hubris

Hunt is the guy who bought 8 flats and avoided stamp duty. If ever there is a minister who abuses inside knowledge for a quick buck .....its him.
I bet he has his spoon out for Avacta shares now!!

Well said Mannamed. I said the same yesterday .........and they even got my post deleted. Have a great weekend all. I am switching off till next RNS

It mentions Avacta right at the end of the latest newsflash:
“ Medusa 19 is also exploring a number of other complementary tests and diagnostic products, and earlier this year entered an exclusive distribution agreement with Avacta Group plc for direct-to-consumer sales of a saliva-based antigen test. It will utilise its infrastructure to distribute this product worldwide once available.”
I wonder which CE approved test “developed in UK and Spain” they are referring to?

I would imagine AZ is banging on the doors of the UK banks mentioned right now. Maybe another RNS will tell us soon ???

Yes. It sounds to me that the politicians have been told that “ there is a great pregnancy type test kit, it works but we cannot reveal the name as the company needs to convince us it can be manufactured in bulk. When it can, there will be a huge launch.“ Until then we are working out the logistics. My question is: how does the government get to the front of the Avacta queue? Letters of comfort? Advance orders? Should this be in an RNS? Is the government overruling the need for an RNS?