SCOTLAND’S Omega Diagnostics has seen a 455% surge in interest since March 23 as private investors have swarmed around biotech, pharmaceutical and healthcare stocks during lockdown.
According to shares website ADVFN, AIM-listed Omega is second only to Manchester’s Genedrive in generating new followers tracking company information during the past three months. Genedrive, which has developed two coronavirus tests, has seen a 1,400% increase in followers since the start of lockdown.
READ MORE: Omega Diagnostics surges as virus testing plans progress
Headquartered in Alva, Omega Diagnostics is part of the UK Rapid Test Consortium (UK-RTC) that is developing an at-home test kit for Covid19. The UK-RTC is led by York-based Abingdon Health, which said earlier this month that the partners expect to reach design freeze in June.
Omega is also involved in a second partnership with Bedfordshire-based Mologic to develop a laboratory test for Covid19 antibodies. Omega is making the tests from raw materials supplied by Mologic.
The partners announced last week that they have taken their first order for the laboratory test, a £100,000 shipment that will be sent to Senegal. Registration and evaluation activities are currently taking place in 15 countries, which is expected to lead to more orders soon.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article