By Iain Gilbert
Date: Wednesday 10 Mar 2021
LONDON (ShareCast) - (Sharecast News) - Rapid tests developer Abingdon Health has signed a non-exclusive sales and distribution agreement in the UK and Europe for its AbC-19 rapid neutralising antibody test with BioSure UK.
Abingdon said on Wednesday that it will establish a strategic distribution relationship with BioSure to enable both firms to identify and maximise opportunities for the sale of the AbC-19 rapid neutralising antibody test in the UK and European territories.
The AIM-listed group stated healthcare, workplace and pharmacy settings will be prioritised, with antibody testing becoming "even more relevant" as vaccination programmes scale.
Chief executive Chris Yates said: "The nature of SARS-CoV-2 testing is changing. Where antibody tests were once predominantly used for charting the spread of infection within communities, today they emerging as a key pillar of large-scale immunisation campaigns.
"Rapid Antibody tests such as AbC-19 that target the full trimeric spike can help policymakers and healthcare networks further understand immunity to Covid-19 and the effectiveness of vaccine programmes."
As of 1050 GMT, Abingdon shares had shot up 7.40% to 103.64p.
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Currency | UK Pounds |
Share Price | 10.75p |
Change Today | -0.25p |
% Change | -2.27 % |
52 Week High | 15.00 |
52 Week Low | 6.75 |
Volume | 494,746 |
Shares Issued | 126.72m |
Market Cap | £13.62m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:10 | 8,800 @ 10.85p |
16:09 | 25,000 @ 10.55p |
16:02 | 9 @ 11.00p |
16:02 | 300 @ 11.00p |
13:25 | 103,359 @ 10.56p |
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