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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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
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.14M |
Open | High | Low | Value | Volume |
33.5¢ | 34.5¢ | 32.5¢ | $63.81K | 191.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 21599 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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33.0¢ | 58025 | 3 |
View Market Depth
No. | Vol. | Price($) |
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4 | 21599 | 0.325 |
2 | 14213 | 0.320 |
2 | 10614 | 0.315 |
3 | 26678 | 0.310 |
1 | 5829 | 0.305 |
Price($) | Vol. | No. |
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0.330 | 58025 | 3 |
0.335 | 28092 | 2 |
0.340 | 49731 | 1 |
0.350 | 20625 | 2 |
0.355 | 2498 | 1 |
Last trade - 11.35am 25/06/2025 (20 minute delay) ? |
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