Genedrive (GDR) shares jumped 71.88% to 39.88p following regulatory development
The diagnostics firm has submitted its new rapid Point of Care molecular test for SARS-CoV-2 detection for CE-IVD certification under the European Communities Council Directive 98/79.
The Genedrive® COV19-ID kit offers a step change in rapid molecular testing, delivering positive results as quickly as 7.5 minutes and negative results at 17 minutes, it explained.
The kit is awaiting formal registration, a process expected to take ten working days to complete, following which the product can be made available commercially in the EU.
Marshall Motor Holdings (MMH) shares rose 43.07% to 392p amid £201.6m offer
Constellation Automotive has made a £201.6m offer for a 64.4% controlling stake in Marshall Motor Group, a 46% premium to the company’s closing share price of 274 pence on Friday.
Marshall Motor told investors on Friday that Marshall of Cambridge was considering selling its entire 64.4% stake in the company following a recent strategic review of its business interests.
MyHealthChecked (MHC) shares rose 18.06% to 3.4p following test service launch
Last week, the UK healthcare company said it had launched two home testing services to allow customers to order a test online before arriving into England or departing from the UK.
The company will begin selling a rapid antigen test today, along with a verification service for residents and vaccinated travellers arriving in England from a non-red list country. This will be followed by a Fit to Fly rapid test for travellers leaving the UK that will launch this week.
The company’s online service will utilise the CE approved, ISO certified and UK Government validated FlowFlex® Rapid Test Kit, a lateral flow test that is easy to administer via a simple nasal swab, which provides results in 15 minutes and offers 98.8% accuracy, it reported.
AO World (AO.) shares fell 2.09% to 107.75p following slashed full-year forecast
Last week, in a report for the six months to 30 September 2021, the European online electrical retailer lowered its full-year forecast for FY22 with adjusted EBITDA predicted to be around £10m to £20m amid global supply chain disruption and competition in Germany.
The company said it is making moves in order to take ‘decisive action to address and mitigate the issues’. It said it is confident in its ability to trade its way resiliently through this period.
The stock has shed as much as 29% in value last Tuesday, the most since February 2015.