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Omega Diagnostics (ODX) Speaks On Media Report, Shares Down 6%

Updated: 15 Jun 2021

Omega Diagnostics (LON: ODX) said on Tuesday that it has noted a recent media comment that Mologic has requested for Porton Down to evaluate their lateral flow antigen test with an independent party observing.

This morning, a report in The Telegraph stated that Mologic was set to sue the UK Government over claims that “stonewalling” has stopped its kits from being approved and used in the UK.

Under a contract Omega has with the Department of Health and Social Care (DHSC), they will provide manufacturing capacity for COVID-19 lateral flow antigen tests utilising key pieces of manufacturing equipment loaned by the UK Government for Omega to manufacture whichever test is approved for use.

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The AIM-listed firm clarified that today's news has no implications on the UK Government manufacturing contract Omega has in place with the DHSC.

“The ability to supply tests that are produced within the UK remains a key priority for the DHSC and to that end the DHSC have facilitated initial commercial discussions between Omega and a number of companies with lateral flow antigen tests to potentially provide UK manufacturing services,” stated Omega.

The company's shares are down 6% on Tuesday at 65.2p.

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