ALT let these 2 bits of news go past rather quietly, which is strange given the ALTO with 1.1c strike and February expiry could easily be in the money on confirmation of both - WA government subsidy funding and the ruling of pelvic mesh as high risk along with a nice mention from the FDA
Are they hoping the options will expire worthless, given that with the latest R&D rebate of $1.9M+ they may not immediately need capital ?
FDA labels pelvic mesh as "high risk medical device"
FDA recommends that women be aware of the risks associated with surgical mesh. On an advice page on the FDA website, the agency writes: "Ask your surgeon about all POP treatment options, including surgical repair with or without mesh and non-surgical options. "Non-surgical options include pelvic floor exercises known as Kegels. There are also non-invasive devices such as the PeriCoach, a smartphone-connected pelvic floor muscle training device for incontinence.
Incontinence sufferers to access Gov funds for device
ASX listed Analytica have convinced the West Australian Government to provide tax payer funding for woman suffering incontinence to access their Pericoach medical device. Analytica says the Western Australia Continence Management and Support Scheme has listed its intra-vaginal Pericoach pelvic floor incontinence training tool. The company said that the Support Scheme was a product subsidy scheme specifically for adults to assist with meeting the costs of continence products, managed and operated by Independence Australia on behalf of the Disability Services Commission. Analytica said that to access the product subsidy, individuals must be assessed as eligible by the Continence Management and Advice Service. Analytica chief executive officer Geoff Daly said that the funding had been available for products designed to manage long term incontinence. “Pelvic floor muscle exercises performed regularly can actually reduce or eliminate urinary incontinence and are in fact recommended as first line treatment,” Mr Daly said. “We are encouraged by the Western Australian Government’s recognition of the benefits to supporting the treatment of this common problem and are hopeful that over time that other states will follow suit,” Mr Daly said.
