RE: Testing29 Jun 2021 22:50
The problem is that the main remaining rumour was that the trigger was about to be pulled "any day now" and ODX would be supplying furiously for UK gov, and some were sure they were stockpiling tests. Plus all those lovely non-gov orders for the visitect test. That's been the abiding "any day now rumour" since mid Feb.
But with news now in the public realm of repeated PD failures for the only antigen test that ODX can manufacture, there is no immient trigger pull. We are told that there will be serveral sov tests. If uk gov announces tomorrow another sov test, it does not mean thats the one the ODX will make, i.e. the surescreen test is sov but we aren't making that.
So instead of waiting for 'immient', sales orders from uk gov, we are waiting for the gov to select a test, ODX to say that this is the test that they will be making, TT it, CE it and get gov orders. Or indeed none of the above if the gov decide that all they ever wanted was ODX capacity and not actual ODX production. It's all looking decided less rosy that when we had people predicting 100Ms of revenue for year 2021 (a quarter of which is now over).
And then we have the generic visitect antigen product, that is totally bereft of sales, even though there is a narrative driven by some here that there is a massive demand for LFT worldwide. It can't possibly be anything to do with people deciding not to go near a test with a bargepole that PD has failed....is it ? You'll note that mologic/GAD has also failed to announce non-gov orders. Being a private company they are under no obligation to do so, but have announced contracts in the past.