RE: Impending 2nd wave23 Jun 2020 16:01
Oilboil you haven't a clue about this company have you.
PHE has a contract with Novacyt to supply tests - Hence the AZ, GSK, Cambridge & Novacyt collaboration.
We are being driven French market. Unfortunately the French Haute Autorité de Santé have not approved this test for reimbursement (but it is still approved to use). HAS stated it will not authorise reimbursement because the test has been developed with one single gene target. Novacyt can still sell the test in France for private patient testing.
This caused the French to sell off. There is speculation that the new COVID-HT test announced recently may be aimed at the French, but we will have to wait and see.
Regardless of the UK & French, the orders books are stacked up and production has been increased to 10 million a month. You wouldn't increase production capacity to that amount unless you are confident of sales!
I'm sure that once more sales & numbers are released, people will have no choice but to start paying attention to this company again.