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Yourgene Health Awarded PHE Framework Agreement

Sam Boughedda trader
Updated 19 Apr 2021

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Yourgene Health (LON: YGEN) said it has been awarded a Framework Agreement under Public Health England's (PHE) National Microbiology Framework for Lot 1 (Diagnostic Goods and Services) of the four-lot tender for its Clarigene SARS-CoV-2 assay and Manchester-based COVID testing service.

Genedrive plc also announced it has been successful with its tender to PHE.

The PHE’s National Microbiology Framework is appointing suppliers to framework agreements for four lots. Lot 1 is the first to be announced and covers the supply of in-vitro diagnostic medical devices and associated services, including YGEN’s Clarigene SARS-CoV-2 PCR assay.

The Framework Agreement is for an initial two years with options to extend by up to a further two years. 

As mentioned in the Genedrive article, the framework contract is not exclusive to them or a guarantee of orders, but it allows participating authorities to issue call-off orders for products in the future.

“ Yourgene considers that the successful framework award, for which there was a competitive tender process, lends significant credibility to the Clarigene® product and to the Company's COVID testing services. More broadly, we expect the award to support business development outside the scope of this agreement with a growing network of commercial partners, addressing privately funded testing in healthcare and workplace settings,” said Lyn Rees, CEO of YGEN.

Yourgene’s share price is currently trading 3.5% above Friday’s close at 15.52p.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.