ADO 0.00% 2.7¢ anteotech ltd

The TGA have been hard at it. Today they approved 5 Covid rapid...

  1. 236 Posts.
    lightbulb Created with Sketch. 226
    The TGA have been hard at it.

    Today they approved 5 Covid rapid antigen tests. Sadly Anteotechs offering wasn’t among them!

    All 5 approvals, (3 at home and 2 point of care), appear to be versions of the All Test/My Covid product suite produced by Hangzhou Alltest Biotech and distributed in Australia by AM Diagnostics.

    https://www.tga.gov.au/covid-19-test-kits-included-artg-legal-supply-australia

    I had a look at one of those at home All Tests, currently on sale in Malaysia for 13.9Rm. That’s about $4.50 AUD!

    https://www.doctoroncall.com.my/med...19-antigen-rapid-test-oral-fluid-self-testing

    The advertising blurb says it is:
    - “Easy
    - User friendly
    - Can be self administered
    - Instant result, within 15 minutes”

    But also:
    “Specifications of ALLTEST Covid-19 rapid antigen test
    Sensitivity 91.38%
    Specificity 100% “

    If those %’s are accurate, when compared to Anteo’s trials at 97.3% and 99.6%, that suggests to me:

    1. The TGA aren’t setting a very high bar, and

    2. Unless there’s been an unexpected hurdle, EuGeni should be a shoe in.

    I’m quietly optimistic. (Regrettably, with biotechs I’m often wrong)

    Usual bias.
    Herro
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
0.000(0.00%)
Mkt cap ! $67.22M
Open High Low Value Volume
2.7¢ 2.9¢ 2.7¢ $17.68K 634.1K

Buyers (Bids)

No. Vol. Price($)
7 541015 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 4693635 4
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.