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MOLOGIC makes rapid lateral flow COVID test>UK gov't says"kit failure"/too difficult to adminster.>MOLOGIC threatens to sue>1 month later Gates and Soros buys company

Covid test maker Mologic set to sue Government over 'stonewalling'

14/06/2021

A Covid test-maker is preparing to sue the Government over claims that "stonewalling" by the state has stopped its kits from being approved and used in the UK.

Bedford-based Mologic said Porton Down keeps failing its test due to "kit failure", or being deemed too difficult to administer.

The company was given nearly £1m last year by the Government to develop an affordable British designed and manufactured rapid lateral flow test.

Mologic claims its test is one of the most accurate following evaluation by the Bill and Melinda Gates Foundation and Geneva-based global diagnostics alliance Find on behalf of the World Health Organisation.

Mr Davis said: “We are quietly confident that this is one of the best rapid lateral flow diagnostic in the world, it is made in Britain and the UK doesn’t want it. It also costs a fourth of the price of the Innova test.

“All we have requested is for Porton Down to evaluate the test with an independent party observing, simply to allow us to understand how PHE is able to get masses of kit failures when no one else in the world that has validated our test has managed that.

table: What's the difference between a PCR test and a lateral flow test?© Provided by The Telegraph What's the difference between a PCR test and a lateral flow test?

Mologic is submitting for approval a lateral flow test aimed at the American home-testing market to the US drugs regulator, the FDA. It was given an $11m grant by US authorities to develop it and, if approved, it could go on sale there in a matter of weeks.

The UK has relied heavily on US-based Innova to supply it with lateral flow tests. Innova is owned by private equity firm Pasaca Capital, which was founded by Charles Huang.

ANYWAYS1 month later

Bill Gates and George Soros buy out UK Covid test company Mologic

20, July 2021

Billionaires George Soros and Bill Gates are part of a consortium set to buy Mologic, a U.K.-based maker of Covid tests, in an effort to increase access to “affordable state-of-the-art medical technology” around the world, according to a statement released Monday.

The Soros Economic Development Fund and the Bill & Melinda Gates Foundation announced the launch of a new initiative, Global Access Health (GAH), aiming to strengthen the global rollout saving medical technology and the subsequent acquisition of Mologic Ltd, best known today for the deep-nostril technology used to deliver rapid Covid-19 tests. The technology can also be used to test for dengue, bilharzia and river blindness.

https://www.msn.com/en-gb/money/other/covid-test-maker-mologic-set-to-sue-government-over-stonewalling/ar-AAL2bXf

https://news784.com/2021/07/20/bill-gates-and-george-soros-buy-out-uk-covid-test-company-mologic/

Kit failures and difficult to administer coming to wherever Gates and Soros Global Access Health (GAH) goes..