Novacyt S.A. (CDI) (NCYT)

Sector:

Health Care

Index:

FTSE AIM All-Share

45.25p
   
  • Change Today:
      1.00p
  • 52 Week High: 80.30
  • 52 Week Low: 36.90
  • Currency: UK Pounds
  • Shares Issued: 70.63m
  • Volume: 48,610
  • Market Cap: £31.96m
  • RiskGrade: 453

Novacyt flags possible £3m hit from Covid test regulations change

By Josh White

Date: Tuesday 02 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Clinical diagnostics specialist Novacyt updated the market on the availability of its Covid-19 tests in the UK on Tuesday, following the implementation of amendments to the UK Health Security Agency's coronavirus test device regulations, or 'CTDA'.
The AIM-traded firm said the mandatory CTDA guidelines would require all suppliers of Covid-19 tests, including both polymerase chain reaction (PCR) and lateral flow tests, to submit data on the tests for a desktop validation if they wished to continue to sell them in the UK.

It said the legislation would not apply or affect any sales outside the UK.

On 20 October, the UK Health Security Agency issued a list of products on the CTDA register that had so far successfully completed such a desktop review and been approved.

A second list, the 'temporary protocol', was also issued, detailing products which could remain on the market while validation was being processed, with an extended deadline from 1 November to 28 February.

Only validated products, or products on the temporary protocol could be sold in the UK after 31 October.

The company said the UK Health Security Agency had committed to continuing its review of submitted tests, and updating the CTDA register accordingly.

"Novacyt submitted 11 products for review on time to meet the original CTDA submission deadline of 1 September," the board said in its statement.

"To date, Novacyt's 'Primerdesign PROmate' Covid-19 test has been named on the temporary protocol," it added, confirming that it encompassed both the PROmate 1 Gene q16 and q32 products.

It said the CTDA had not yet communicated the status of any of the remaining nine products.

"As a result, from 1 November, the company will only be selling the PROmate Covid-19 test in the UK until the UK Health Security Agency completes its review of the additional nine products submitted.

"If no further products are added to the CTDA register, the impact on full year revenues for 2021 will be around £3m."

At 1227 GMT, shares in Novacyt were down 2.46% at 248p.

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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.

 

NCYT Market Data

Currency UK Pounds
Share Price 45.25p
Change Today 1.00p
% Change 2.26 %
52 Week High 80.30
52 Week Low 36.90
Volume 48,610
Shares Issued 70.63m
Market Cap £31.96m
RiskGrade 453

NCYT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.68% above the market average72.68% above the market average72.68% above the market average72.68% above the market average72.68% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Price Trend
69.6% below the market average69.6% below the market average69.6% below the market average69.6% below the market average69.6% below the market average
24.32% below the sector average24.32% below the sector average24.32% below the sector average24.32% below the sector average24.32% below the sector average
Income Not Available
Growth
30.78% below the market average30.78% below the market average30.78% below the market average30.78% below the market average30.78% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average

NCYT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:22 15,625 @ 44.80p
14:15 174 @ 43.16p
13:43 4 @ 43.00p
11:33 16 @ 45.25p
11:27 25 @ 45.25p

NCYT Key Personnel

CFO Steve Gibson

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