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Yourgene Health Awarded PHE Framework Agreement

Sam Boughedda
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.

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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 Boughedda
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.