Notes24 Feb 2021 09:49
Here are my notes........Current market cap only 37 millions. 37 Million share in issue. Should head to 370 p within a week upon successful results.
The US is a massive market. This is not only a one trick pony. Will also reduce NHS wait times for diseases like cancer by detecting limits of such diseases within minutes and will enable other viruses including different strains of the coronavirus to be detected.
Tweet yesterday by the professor stated people did not understand the value of the technology they have. No doubt heading to market cap 100 million plus.
The Paraytec and University of Sheffield team will use these samples to set the test operational parameters so that it attains or exceeds the recommended guidelines for upper limits on false positive and negative tests set by the Medical Health Regulatory Authority. Results from this phase of clinical testing are now expected by the end of February.
To minimise the effects of this delay, Paraytec has brought forward scheduled work, using isolated lab-grown virus to optimise the operational sensitivity (sometimes called 'lower limit of detection') of our instrument for the detection of pre-symptomatic and early-stage symptomatic levels of virus. Paraytec's target is to detect less than 1000 virions per millilitre of sample, which would represent a market leading performance, if achieved. By re-arranging the workflows Paraytec does not believe that there will be any overall delay to the development programme.
It is already clear that current vaccines are not 100% effective and the infection risk is being compounded by the emergence of new strains of the COVID-19 virus. Braveheart has been advised that the Paraytec and University of Sheffield team believes there is, and will continue to be, a significant and ongoing demand for rapid tests for the early detection of the virus, to protect communities and the world's economy.
Looking forward to a great return when results are announced. Last chance to buy..........