OMEGA DIAGNOSTICS GROUP PLC Memorandum of Understanding COVID-19 Consortium
Omega (AIM: ODX), the medical diagnostics company focused on CD4, food intolerance and allergy testing announces
that it has signed a Memorandum of Understanding (?MOU?) with three other companies from across the UK, in
conjunction with the University of Oxford to form the UK Rapid Test Consortium (?UK-RTC?) in order to jointly develop
and manufacture a COVID-19 Point of Care antibody test as part of the Government?s five pillar national testing strategy
for COVID-19.
The UK-RTC, which was announced by the UK Government yesterday, comprises Omega, Abingdon Health Limited, BBI
Solutions Limited, CIGA Healthcare Limited, and the University of Oxford (the ?Parties?) and was formed at the request
of the UK Government to support the development and manufacturing scale-up of a COVID-19 lateral flow antibody
test (?COVID-19 Rapid Test?) to determine whether people have developed immunity after contracting the virus.
The MOU is for an initial period of six months and the Parties will collaborate to utilise their combined lateral flow test
design and manufacturing expertise to optimise the design for potential accelerated scale-up to manufacturing of the
COVID-19 Rapid Test.
Once the COVID-19 Rapid Test reaches design freeze, then the specification and standard operating procedures will be
shared with each party of the consortium to enable manufacturing and/or assembly to be undertaken at each site,
including at Omega?s manufacturing facility in Alva, Scotland, according to capability.
Colin King, CEO of Omega commented: ?We are delighted to be part of this consortium and to support the Scottish and
UK Governments? efforts to combat the Coronavirus pandemic and look forward to using Omega?s manufacturing
knowledge and capabilities in supporting and furthering this objective.?
The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation
596/2014.
Contacts:
Omega Diagnostics Group PLC Tel: 01259 763 030
Bill Rhodes, Interim Non-Executive Chairman
Colin King, Chief Executive
www.omegadiagnostics.com
Kieron Harbinson, Group Finance Director
finnCap Ltd Tel: 020 7220 0500
Geoff Nash/Hannah Boros (Corporate Finance)
Camille Gochez (ECM)
Walbrook PR Limited Tel: 020 7933 8780 or omega@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303