RE: SP6 Jan 2022 22:49
The removal of the confirmatory PCR testing by gov appears to be a similar play as seen in Jan 21, whereby infections are so high the need for the accuracy that a PCR provides is redundant. However, as seen in March 2021, once infection rates had settled, mandatory PCRs were reintroduced in order to detect new variants (SourceBio are 1 of 8 labs in UK able to do this – genome sequencing) and provide higher accuracy.
It also seems counter intuitive that pre-entry travel testing won’t be back again as cases drop in order to identify new variants.
All of which bodes well for Source, especially given NHS contracts mentioned by Jay in H1 result. Interestingly, looking at Source’s test statistics, they were still at approx. 4k tests per day during Jan-Mar21 as they were ramping up.
Majority of countries are still requiring either PCR or fit to fly (non-NHS LFTs) prior to entry so testing should continue, albeit at lower levels.
San Diego test facility was expected to be launched Q4 of 2021 at 2k/day. News articles from San Diego suggest lots of testing in general. In additions, looks as though US have much higher selling price of PCR tests – unsure how this will play out.