RE: BAMS28 Nov 2020 10:19
It's not so vague here, it's now been 5 weeks so we're stretching the definition of 'next few weeks':
Q11: Please could you give a full update on where the company and CONDOR are at with both the BAMS test and LFD? Timelines thus far have been very woolly and non-specific, which whilst I understand to a degree, is very and increasingly frustrating for investors who were expecting a summer launch. BAMS in particular seems to have dropped off the face of the earth since the July RNS update. Could you also confirm whether Avacta are under NDA from UK government with regard to price sensitive information such as LFT performance data?
Avacta is working with UK government programmes, as well as having now also put in place its own clinical and commercial collaborations, to evaluate and clinically validate the high throughput COVID-19 bead-assisted mass spectrometry (BAMS) laboratory assay developed with Adeptrix for CE marking as a professional use diagnostic test. The Company is aiming to have completed its initial clinical evaluation in the next few weeks and will then update shareholders on the timeline and route to market for the test in as much detail as commercial confidentiality will allow. The Company has also stated that it will provide the next update to the market on the lateral flow test, including a timeline to clinical validation and CE marking, when the first pilot batch goes into production.