Omega Diagnostics Shares Fall After UK Requests It Repay GBP2.5 Million
10 Diciembre 2021 - 5:08AM
Noticias Dow Jones
By Michael Susin
Omega Diagnostics Group PLC shares plunged 26% on Friday morning
after it said that the U.K. Department of Health and Social Care
requested a repayment of 2.5 million pounds ($3.3 million), because
the company failed to advance to Phase 2 of a Covid-19
test-manufacturing contract.
The London-listed medical-diagnostics company said it doesn't
believe that is required to refund the pre-production payment and
will continue to take legal advice.
The contract expiration occurred "due to the lack of
confirmation from the DHSC regarding which test they required"
Omega said.
"Acting in good faith we used these pre-production payments,
along with our own funds, to upgrade our manufacturing facilities
to be able to integrate the Government-furnished equipment [as well
as]... bringing on the additional staff required to be able to
supply the DHSC using our UK-based volume manufacturing services,"
it said.
DHSC wasn't immediately available for comment.
Shares at 1009 GMT were down 8.50 pence at 24 pence.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
December 10, 2021 05:53 ET (10:53 GMT)
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