AT1 3.33% 3.1¢ atomo diagnostics limited

Not sure if this has been shared already. No mention of Atomo in...

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    Not sure if this has been shared already. No mention of Atomo in this article. I found the political connection and supply to government institutions by Pantonic quite amusing.

    https://www.theguardian.com/australia-news/2021/sep/29/medical-entrepreneurs-poised-to-grab-slice-of-covid-home-testing-kit-market


    Pantonic Health, run by the daughters of David Panton, the partner of the former foreign affairs minister, Julie Bishop, was one of the first to receive approval in September last year.

    After 20 years in the business of running medical practices and pharmacies, the family-run business quickly appreciated the opportunities of the Covid pandemic and began focusing on importing and selling the US Carestart rapid antigen test in partnership with Arrotex Pharmaceuticals.

    “Pantonic is already supplying CareStart testing kits to various state and federal government departments, and numerous large corporations across Australia,” a spokesperson said.

    These include the Howard Springs facility, which was set up by the commonwealth to house Australians returning from overseas on repatriation flights. The tests have also been used by large companies including Fortescue Metals Group, Qantas, Lendlease and Commonwealth Bank of Australia, the spokesperson said.

    The company says its tests have been shown to be highly sensitive to the Delta variant and have a very low false-positive rate of just 0.01%. It is now gearing up for a boom in sales and has already had 3,000 inquiries from schools.
 
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