"George Soros And Bill Gates’ Backed Consortium To Buy U.K. Maker Of Covid Tests For $41 Million"

They say they are doing it for altruistic purposes but it's also a good way to get access to some pretty interesting data.

From Forbes, July 19:

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.

The rapid so-called lateral flow tests offer an early-warning screening for Covid-19 and have been used around the world as an aid to help reopen shops, bars, sporting events and workplaces by giving an early warning result for people who may have no symptoms but are still infectious and can give the virus to others. In the U.K., lateral flow Covid tests need to be confirmed by a second test before Covid-19 is officially diagnosed.

The GAH consortium, which includes Soros’ and Gates’ philanthropic arms, will invest “at least” $41 million in this deal, according to the statement. 

‘Unique Transaction’....

....MUCH MORE

 You have my word as a hedge fund manager...."

Reuters

 

For what it's worth that very flattering picture is from 2008.