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3.13%

6.2¢ rhythm biosciences limited

Thanks for taking the trouble to get me up to speed.Is it known...

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mirri11

662 Posts.

90

09/05/23

17:39

Post #: 67685044
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Originally posted by josiejow37: ↑

Hi @mirri11
Approval to sell medical devises and government funding are two separate things.

CE Mark UK, FDA USA, CLIA lab sponsorship USA, TGA Australia, Medsafe NZ are all public safety approvals, required prior to selling.

Currently the FIT (DIY poo) test for colorectal cancer population screening is government funded in all the above countries.

There is a significant focus by scientists globally to try to find a replacement for this test. Colostat has been proven to be 35% more accurate than FIT, cheaper, and will potentially capture large numbers of non participants. There aren't any other tests like it currently that we can find.

Should Rhythm manage to gain recognition and penetrate the market, they will be well placed to attract the interest of government funded cancer screening programs.

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Thanks for taking the trouble to get me up to speed.
Is it known whether Rhythm will have to do more studies before submitting for FDA approval?
(I know that there is the other route, of having lab sponsorship, but FDA would obviously be much better.)

RHY Price at posting: 34.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.2¢		Change -0.002(3.13%)		Mkt cap ! $15.41M

Open	High	Low	Value	Volume
6.9¢	6.9¢	6.2¢	$9.837K	157.8K

Buyers (Bids)

No.	Vol.	Price($)
1	49398	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	29999	1

View Market Depth

No.	Vol.	Price($)
1	49398	0.062
1	133316	0.060
1	18000	0.056
2	19091	0.055
2	100000	0.050

Price($)	Vol.	No.
0.065	29999	1
0.067	260000	1
0.069	117678	1
0.070	1794	1
0.071	117305	2

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