Morning, a company update on this is long overdue especially with the principal terms expiring. We know that the German hospital network is still keen on ResApp and we know things are happening behind the scenes because of the feedback that we received from the TechKnow conference. We were told to expect an update on this soon. The wait for CE clearance has been ticked off... TGA for adults is definite and is coming yesterday, well it should have,
it's now overdue when comparing it to the time frame it took for kids to be approved...
Anywho it's been very quiet lately on the announcement front. Rest assured a lot is happening behind the scenes, of course a lot of focus and attention is being directed towards the Startup Creasphere Digital Health Program working with the healthcare business unit of Sanofi. There's only around 8 weeks left to go before we see if Sanofi want to take our product on or perhaps take the whole lot and buy us out! Sanofi could be a huge deal as they have footprints all over the globe.
Interestingly without cross promoting I noticed that a certain company has gone bonkers with a huge increase of volume and share price on the back of reimbursement codes being issued to the company. I didn't think it was a huge deal obviously I was mistaken as I remember asking our company this question prior to regulatory approvals at one of the conference some time ago. The response was at the time something along the lines of it's a normal business procedure to apply for reimbursement codes once we have obtained regulatory approvals. So we have TGA and CE clearance reimbursement codes can be applied for and hopefully ISSUED. FDA is the next big one that we hope to obtain we should know over the next few days or weeks if we have been granted it or not. I think we have a very good chance of obtaining this, this is my personal belief. Once we obtain this clearance reimbursement codes can be applied for also... considering that we're only going to be charging 5 to $10 per use it's not a huge deal as it's more or less the cost of a cup of coffee these days but it would be a groundbreaking announcement let's face it who doesn't like discounted stuff for free stuff mums and dads are always counting every penny...
https://www.nature.com/bioent/2003/030601/full/bioent738.html
Shouldn't be waiting much longer for news now as there's lots of things on the horizon major announcement such as FDA regulatory approval ( should have this in the bag) and TGA for adults approval.. revenue "0 to 6" months away stated almost 6 months ago, " RAPid" commercialisation... surely news is imminent... Hold on to your hats folks
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Cheers
Red bar
