RGT 1.79% 28.5¢ argent biopharma limited

Ann: 800 Prescription Milestone Passed for MGC Pharma Products, page-8

  1. 198 Posts.
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    Understand you frustration. We can derive some idea from the following

    - Initial purchase orders = $300k worth of revenue (see Pharma Update from 13/06/2019). This was before 100 patient milestone was hit (13/08/2019). So we know 100 prescription orders are at least $300k worth of revenue.
    - We received a $95k downpayment for the initial $300k, with the remainder hitting in the September Quarter and should be displayed in the next Quarterly.
    - Based on this we know can estimate that an additional 700 prescriptions is worth around $2.1m in revenue! This will be spread out between December Quarterly and March Quarterly.
    - We are on track to hit 1000 prescriptions in November (in latest announcement).

    We know their payment terms. We have an idea of the revenue. The next 6 months could be huge for us

    All the best.

    Ash
 
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