Hi,
As governments around the world look to tentaitvely re-open their economies, Covid-19 testing is going to become more and more crucial.
I'm looking to find companies that might be able to exploit that opportunity.
So far I have identified ...
Novacyt
Novacyt SA is a France-based company that develops and markets solutions dedicated to the field of liquid-based cytology and molecular biology.
They are listed in the UK. They have produced a Covid-19 test that has gained approval from the FDA (US), France and the WHO.
They have announced that they are ramping up production ...
Further to the announcement on 30 March 2020, Primerdesign has now achieved the target runrate of manufacturing its COVID-19 test at a rate of four million tests per month. To continue to meet demand, the Company is working to further increase this manufacturing capacity and has signed manufacturing partnership agreements with BioPharma Process Services Ltd and Biofortuna Limited, both based in the UK, to support its existing partnership agreements. In addition, Novacyt continues to scale-up its own production at its Primerdesign site in Southampton, UK. With this additional capacity, the Company expects, over the next three months, to increase production of the test to approximately eight million tests per month.
(see https://novacyt.com/wp-content/uploads/2020/04/Novacyt-COVID-19-test-update-ENGLISH-15.4.20.pdf)
I took a speculative position in Novacyt in mkd February and I'm currently sat on 138% gain. It's certainly helped my daughter's ISA to recover. I hope there is more to come.
Abbott Laboratories
Abbott Laboratories is a US firm that is engaged in the discovery, development, manufacture and sale of a range of healthcare products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Vascular Products.
I believe they have three Covid-19 tests; one which runs through an Id-NOW test platform that can be held in may labs; another where the test is sent to high volume labs which can be found in many hospitals; and an antibody test which I believe can give results in 15 minutes.
CNN is reporting that the anti-body test has been lauded by Detroit Mayor Mike Duggan
new rapid tests manufactured by Abbot Labs had been "unbelievable" and helped him put 700 police officers back on the beat."The Abbot test gives you a result in 15 minutes," he…
