Selmax, I have researched this company for the last couple of hours, yet I still get no idea of potential future revenues from Mix N Go... I see the below simply stating they will get revenue from Q1 2010 plus it a billion dollar industry.
Yet cannot gauge any idea from the worth of this KEY product agreement, except double digit royalties. Has any reviews got a potential income from this product???
>>First revenues from the agreement are expected to be received in the first quarter of 2010.
The agreement confirms the commercial benefits of Mix&GoTM technology to in vitro diagnostic (IVD) and research markets.
These features have the potential to allow for earlier disease detection and improved treatment monitoring.
President of Bangs Laboratories, Inc., Mr Chad Owen, said, I have been in this business for more than 13 years now and regularly encounter interesting new technologies. The Anteo Mix&GoTM technology is one of the most exciting innovations I have seen in all of that time.
Such products are at the core of many of the tests undertaken in the multi-billion dollar global IVD market and are widely used by research institutions in the development of new diagnostic tests.
Anteo Chairman, James Henderson, said This agreement is a major step forward for the Company. It has significant ramifications for the commercialisation of the technology and demonstrates that our strategy of engaging both the major IVD suppliers and bead manufacturers is bearing fruit."
Anteo CEO, Dr Geoff Cumming, said: "Before any new process is introduced in the production of new healthcare products rigorous and lengthy testing must be undertaken. Several other major market participants are nearing the end of their internal testing requirements for the application of Mix&GoTM. It is our expectation that more licences will be granted in the near future as additional companies confirm the technical, cost and manufacturing benefits that accrue from our product.<<
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