Avacta Global deal maker6 Apr 2021 13:37
So after todays update we know Smith can sway Massive Global companies to take on Affimer based products. This is another massive endorsement of the platform.
It also makes this statement in the business update even more intersting:
"Avacta will immediately be able access initial manufacturing capacity through Mologic, in addition to scale-up manufacturing capacity with BBI and Abingdon Health. Combined, these manufacturing partnerships can scale up to several million tests per month and potentially much higher with further investment. Avacta is also continuing its discussions with other manufacturers in the UK and overseas in order to be able to access additional capacity to ensure that it can meet the expected demand.
The Group continues its commercial discussions with potential customers for the AffiDX® SARS-CoV-2 Lateral Flow Rapid Antigen Test and expects demand to be present for rapid testing for at least two years and probably for longer. Only by having a high-quality test that identifies the majority of infectious individuals can this clinical need be translated into commercial success and the Group believes that the recent initial clinical data are extremely encouraging in that regard."
I wonder when we will hear who the "overseas" manufacturers will be? We know the the far east have massive capacity, Innova can do 15 million a day! Mind you I'd rather not have a made in china AffiDX but business is business.