France-based Novacyt has provided an update on its business moves that have resulted from the novel COVID-19
Novacyt has made multiple company announcements linked to the coronavirus outbreak. These include increased sales and new deals in Asia and the US.
The clinical diagnostics specialist has provided an update regarding the novel coronavirus (COVID-19) test developed by Primerdesign, its molecular diagnostics division.
As of 27 February 2020, Primerdesign has sold over £0.93m of CE-Mark and research use only (RUO) tests. Since launching its CE-Mark test, the company is experiencing high levels of interest in its product. The value of quotations has grown significantly as Novacyt is currently involved in active discussions with representatives from several countries which have an acute need for tests as part of their national screening programmes.
Due to the high level of interest in the Primerdesign COVID-19 test and rapidly evolving nature of this outbreak, the company cannot predict with any certainty the conversion rate of these ongoing enquiries into orders.
The French company has also signed a major distribution agreement in Asia and an original equipment manufacturer (OEM) agreement with a US healthcare group.
Primerdesign has also signed its first major distribution agreement for the COVID-19 test with a global life sciences company to supply the test to two Asian territories outside mainland China. Initial sales, which are subject to local emergency use approval, are anticipated to be £2.1m during the first six months of the agreement.
It is expected that the first sales under this agreement will take place in March 2020.
The company has also signed an OEM agreement with a US healthcare group for the manufacture and sale of its RUO coronavirus tests. In addition, as previously announced, the Primerdesign test is currently under review by the US FDA for Emergency Use Approval, which would allow the test to be used for clinical diagnosis of COVID-19 in the US.
The FDA and the company are in regular contact. Public health authorities around the world are pursuing a variety of strategies when it comes to testing for COVID-19. For example, Public Health England (PHE) has issued testing guidance to the NHS to be deployed across eight testing centres in the UK. PHE as part of its planning has also invited diagnostic manufacturers (including Primerdesign) to submit tests for a formal evaluation process, which is expected to conclude next month.
Public health authorities around the world are pursuing a variety of strategies when it comes to testing for COVID-19
It is not known at this time what conclusions or guidance the PHE will subsequently give to the NHS for COVID-19 testing. The current COVID-19 screening procedure in France involves directing all patient samples to the Institut Pasteur in Paris. It is not known at this time whether more widespread testing will be performed and what test methods will be approved for use in these hospitals and clinics.
Other health authorities around the world have approved tests for emergency use from local manufacturers and many are also currently reviewing the Primerdesign test. The speed and processes to gain emergency approval for tests differs from country-to-country depending on their approval process and the perceived threat level of COVID-19.
The company has put in place a number of measures to significantly increase production capacity and continues to plan for greater throughput to ensure Primerdesign can meet all current and potential demand. These measures include, if necessary, using the company’s manufacturing capacity at both its UK sites.
Graham Mullis, CEO of Novacyt, said: “I am extremely pleased with the commercial interest shown in our test to date and to be able to support the global response to monitor and contain the COVID-19 outbreak. The two contracts announced today reinforce how quickly the response to this virus is developing and shows our commitment to support these efforts anywhere in the world."
Mullis explained that the Primerdesign test is stable for long-distance shipping without the need for specialist cold-chain shipping. It is also designed to run on multiple molecular testing platforms commonly used around the world.