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Omega Diagnostics Group PLC >
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Omega Diagnostics - Government contract and trading update

  • 11 Feb 2021

Omega Diagnostics - Government contract and trading update


Omega Diagnostics Group PLC (ODX:LON) | 76.5 -2.7 (-4.3%) | Mkt Cap: 139.7m


  • finnCap
    • Mark Brewer | Arshad Ahad

    • 10 pages

Medical Equipment & Services image


 
Medical Equipment & Services image


The announcement that Omega has agreed a manufacturing contract with the UK Government to produce lateral flow antigen tests, as part of its plans to control the spread of the coronavirus, is a significant endorsement of Omega’s capabilities and competencies, as the government seemingly seeks to ensure the security of supply of such tests from within the UK. We have adjusted FY 2021 forecasts downwards to reflect the concomitant trading update, which highlights a c.£3.3m shortfall in revenues, l ....

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Omega Diagnostics - Government contract and trading update


Omega Diagnostics Group PLC (ODX:LON) | 76.5 -2.7 (-4.3%) | Mkt Cap: 139.7m


  • Published: 11 Feb 2021
  • Author: Mark Brewer | Arshad Ahad
  • Pages: 10
  • finnCap


The announcement that Omega has agreed a manufacturing contract with the UK Government to produce lateral flow antigen tests, as part of its plans to control the spread of the coronavirus, is a significant endorsement of Omega’s capabilities and competencies, as the government seemingly seeks to ensure the security of supply of such tests from within the UK. We have adjusted FY 2021 forecasts downwards to reflect the concomitant trading update, which highlights a c.£3.3m shortfall in revenues, l ....


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