I think it's an accurate account of where Promarker D sits at the moment. The test is probably more relevant to those at a higher risk of developing diabetic kidney disease which a treating doctor would be aware of. 1 in 3 diabetics progress to DKD which is a significant number. Whilst the cost for the test in Spain is relatively high it's not prohibitive and shouldn't have a material affect on take up. PIQ has recognised sales will start slowly and then gradually build up, patients may only see their doctor a few times a year.
It will also differ in countries/jurisdictions depending on how much they are prepared to do to address the disease. The US has made it a priority.
Then there's other potential near term opportunities Promarker D may become a companion test for a drug, or used in clinical trials for new new drugs.
In the meantime PIQ has another arm of revenue its Analytical Services which is growing and could become a meaningful revenue stream.
Plus ongoing research for further diagnostic tests.
A market cap of $26M seems very low but it won't take much to move the SP the stock is pretty tightly held. And as more of the potential is realised a takeover becomes more probable.
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PIQ
proteomics international laboratories ltd
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I think it's an accurate account of where Promarker D sits at...
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Last
30.5¢ |
Change
-0.020(6.15%) |
Mkt cap ! $49.87M |
Open | High | Low | Value | Volume |
33.5¢ | 34.5¢ | 28.5¢ | $201.7K | 642.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 3253 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.0¢ | 57411 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3253 | 0.305 |
1 | 30000 | 0.300 |
1 | 10172 | 0.295 |
1 | 150000 | 0.285 |
2 | 29500 | 0.280 |
Price($) | Vol. | No. |
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0.330 | 57411 | 2 |
0.350 | 20000 | 1 |
0.355 | 2498 | 1 |
0.360 | 35000 | 1 |
0.370 | 38750 | 1 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
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