RGT argent biopharma limited

Ann: Trading Halt, page-45

  1. 2,106 Posts.
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    So achieving GMP certification is not a big deal? It is pretty much the only obstacle left for the company to begin achieving revenues. So I’m not sure what you are not sure about but I’m sure you are surely mistaken!
    The company has never touted cannepil as being ready for anything other than as a part of the process to achieve GMP final approval. Read what the company released and it is all there. So your statement is very misleading!
    In terms of medical approval you can’t test a product that you haven’t produced to the highest regulatory standards, I.e. GMP certification needs to be obtained first. This argument is pure stupidity. Already products are hitting the market for the treatment of epilepsy using cbd as such I’m not sure of what point you are trying to make. Any regulatory import requirements for Australia are HL responsibility and this could not progress until GMP is achieved. Again validating why this announcement is so significant if it is awarded.
    SP change I agree. Probably won’t be significant reaction in the short term however without GMP you have no revenues. It’s a bit like saying i have a truck, I can drive the truck but I don’t have a license to drive the truck. If You get the license then you can start earning money by using the truck. When you get the license nothing immediately changes but your capacity to earn does. GMP allows mxc to produce product that will earn it money and cannepil is just the beginning!
 
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