The trials are expected to take 2 years and they then have to register in China (who knows what the Australia-China relationship will look like then). So I would not expect any revenue until FY24 assuming it all works out. The market is forward looking, but not out to FY24 on trials and registration that might not work out. I'm giving no value to this in my valuation.
Ann: ENTERS JV - IN VITRO DIAGNOSTIC BLOOD BANK REAGENTS IN CHINA, page-11
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