This is bad news for AT1, we've been patiently waiting for the process to take its course, having faith in both parties doing their best. My interpretation of the TGA statement below is that (in the best case scenario) AT1 is months late submitting requested info. Worst case they somehow missed the separate application for the test strip itself. I've held a fair share for a reasonable period and unfortunately I think this update will require a review.
Extract: In the case of the three Australian companies, the TGA said it was waiting on them."We can confirm that, at the request of two of the named companies, we have provided several months for them to submit the required evidence and is [sic] still waiting on this evidence from these companies," the statement noted. "In relation to the third company — we do not have an application for their COVID test strip. Therefore the TGA cannot assess information it has not received."
AT1 Price at posting:
26.5¢ Sentiment: Sell Disclosure: Held
