#AVCT
A long thread.

A little bit of what I know mixed with a little bit of what I think...

Avacta have been working with the gov for a long while now and the test made with mologic was found some time around Xmas and at that point they knew how good the test was.....

1/13

It blew everything else out of the water.

The gov have been fully aware of the test as all sovereign manufacturers were involved in working with affimers at the time trying to get the best test, mologic being the eventual success....

2/13

Since then the #AffiDX test has proven itself in clinical evaluation and then into clinical validation. With 100% SS upto CT27 and 98% upto CT31 treading on #PCR toes....

3/13

Porton Down continue to evaluate the test against new variants as pointed out by Alister at the last investor update when it was announced mid presentation that it had officially identified the South African strain....

4/13

If the test had failed at Porton Down they wouldn't be testing it against variants there.

Since around that time the supporting supply chain industry had been told to gear up to make 2m cassettes per day for LFT manufacturers with Avacta named....

5/13

Innova look to set up huge capacity in Wales as they would have been a large part of the UK produced "sovereign test". They also would be taking a chunk of the supply chains efforts with their big capacity....

6/13

The gov decide around this time that they no longer wish to give out LFTs for free and get groups set up to ask industry's if they would be willing to take on the burden to keep the economy going. Results of these talks indicate that most are not interested in this option.

7/13

The gov is in a pickle and now has no idea what it wants to do. It has set up a huge LFT industry in the background at a cost. They don't want to pay for everyone to have free testing but business don't want to pay either. They struggle to decide.

8/13

Innova bomb shell drops and FDA trashes the test and it's legitimacy with a class 1 recall.

Gov in more of a pickle and think about dropping the free daily LFTs now that the supply chain just got slashed due to no longer legitimately being able to continue with Innova....

9/13

Gov instead open to using AffiDX as a green light test for travel at least and want to scrap PCR testing for travel and move to LFTs. This would utilize the supply they have built without Innova and enable travel and mass events at a lower price...

10/13

than currently paid by consumers and business.

Meanwhile Avacta have test approved in the EU and have at least 2 of the major countries wanting the test with contracts due.

Also the extensive work which goes unnoticed in the background with Medusa19 continues...

11/13

Medusa have been carrying out the application for self use CE marking under their ISO.

Medusa set to have a considerable contribution to avactas capacity and also distribution. Following the interview they gave months back siting big investment on manufacturing....

12/13

Investor update called by Alister with foreknowledge of what is set to happen to coincide with news on at least 2 of the previously mentioned EU deals and hopefully more...

#AVCT #LFT

13/13