Avacta Group (AVCT)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

48.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 159.60
  • 52 Week Low: 45.50
  • Currency: UK Pounds
  • Shares Issued: 350.51m
  • Volume: 2,975,500
  • Market Cap: £170.00m
  • RiskGrade: 461

Avacta suspends UK Covid test sales ahead of new approval

By Michele Maatouk

Date: Tuesday 02 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Avacta said on Tuesday that it has suspended sales of its AffiDX Covid latest flow rapid antigen tests in the UK while it awaits new approval.
The company said new regulations from the UK Health Security Agency came into effect on Monday and it now has to wait until an evaluation has been completed and the test has been approved.

"This is a new requirement for the supply of any Covid-19 test in the UK and is over and above the CE mark and successful registration of company's AffiDX test with the MHRA which was announced on 7 June 2021," it explained.

The new regulation stipulates that all suppliers of Covid-19 tests must submit information regarding their products for desktop review if they wish to remain on sale in the UK. Avacta said it has submitted all the information required for its AffiDX test to be validated by the UKHSA and paid the required fee.

The company said the suspension of sales will not have a material impact on its anticipated financial outturn for the year ending 31 December.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Avacta Group Market Data

Currency UK Pounds
Share Price 48.50p
Change Today 0.50p
% Change 1.04 %
52 Week High 159.60
52 Week Low 45.50
Volume 2,975,500
Shares Issued 350.51m
Market Cap £170.00m
RiskGrade 461

Avacta Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.01% below the market average35.01% below the market average35.01% below the market average35.01% below the market average35.01% below the market average
50.94% below the sector average50.94% below the sector average50.94% below the sector average50.94% below the sector average50.94% below the sector average
Price Trend
86.7% below the market average86.7% below the market average86.7% below the market average86.7% below the market average86.7% below the market average
50.88% below the sector average50.88% below the sector average50.88% below the sector average50.88% below the sector average50.88% below the sector average
Income Not Available
Growth
58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average58.30% above the market average
83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average83.78% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 3
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Avacta Group Dividends

No dividends found

Trades for 19-Apr-2024

Time Volume / Share Price
16:35 250 @ 48.50p
16:35 187 @ 48.50p
16:35 7 @ 48.50p
16:35 56 @ 48.50p
16:29 3,000 @ 47.40p

Avacta Group Key Personnel

CEO Alastair Smith
CFO Tony Peter Gardiner

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