Good RNS today30 Nov 2020 14:42
Hello there ODX investors. I haven't posted for a few weeks. My father died and I am going to Spain to help my mum sort things out.
I am pretty happy about today's presentation. I expected they would recognise additional testing because the EDSAB report which the peer review was based on, recognised serious flaws in the methodology and said they were continuing testing. Good to see that MHRA now only requires that the RTC do another self use test. Shouldn't take much longer now for approval.
Good news too that Colin King is now on record as confirming that they expect ABC 19 test will be used to confirm the vaccine efficacy with individuals and to determine strategy over booster requirements. A market for around 50 million antibody tests right there in the UK alone.
In the meantime the government 'Winter Plan ' set out last week shows a massive 130 million market for continued testing in the UK for antigen lfts. All tier 3 populations, plus the contacts of all positive cases x 7 ( daily tests required for a week to reduce quarantine), plus care workers, care home residents and their visitors, NHS workers, university students, and all the contacts of anyone testing positive across the country x 7. I worked it out the other night based on ONS population stats for each of these groups and the level of infections at the time. But take a look at the maths yourself. Mologic is clearly at the front of development and validation queues for a UK product which the PM has confirmed we want to buy going forward. And it looks like all 3 lfts are close to international approval from both the US and the EU. Biden wants a test for every American. It's taken longer than we thought but we will get there soon.