This is great stuff for CDY however being the first doesn’t mean you get the best rate from distributor......in fact I think you’ll find the supply agreement signed will be at a premium purchase price and they’re locked in for 12 months. It would have been a bidding war to secure distribution rights, it’s not like there isn’t a market for these thing. I think it’s a poor decision by CDY to lock themselves into a price in this environment, they will be burnt.
These tests are flooding the Chinese market atm and it will only be a matter of days/weeks before there are approved for use elsewhere in the world - we’ve already seen governments are pushing them through approval procedures. TDL is another supplier that’ll be supplying in a couple days I believe.
There is no doubt that CDY test kits will be well above market price in the very near future and probably leave them with a significant stock of unused tests they’ll need to sell off at a loss.
We’ve seen this kind of thing before.....be very careful you don’t get wrapped up in the hype people.
- Forums
- ASX - By Stock
- Ann: Cellmid Signs COVID-19 Rapid Diagnostic Supply Agreement
This is great stuff for CDY however being the first doesn’t mean...
-
- There are more pages in this discussion • 1,173 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AN1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.690M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AN1 (ASX) Chart |
Day chart unavailable