RE: £785m tender14 Sep 2020 13:05
"We all know that this is going to last for years... and I know how government and NHS tenders work (it's my day job)."
With respect, I don't think many really do know it. The narrative from government and others is that a vaccine makes this all "go away". A vaccine is expected early next year. Allowing some time for deployment, the picture being painted is that this time next year, this would be well under control.
The tendering of a delivery contract for 2 years for at-home testing, is not consistent with the above narrative., showing that this issue, and therefore the need for volume home testing, is extending far beyond the current public narrative. It is indicative that there is a vast cumulative volume of self-administered covid-19 tests required for the forseeable future. This gives visibility that ODX has a massive addressable market.
Confirmed orders are of course much better. But to know that there is market out there for several years for which ODX is in a prime position to address, is relevant.