PIQ 1.57% 97.0¢ proteomics international laboratories ltd

Thanks @patyccc that makes sense.@aruc6393 Agree, it is dragging...

  1. Eqz
    3,346 Posts.
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    Thanks @patyccc that makes sense.

    @aruc6393 Agree, it is dragging on but COVID wasn't exactly in their roadmap. Fact is there is not much that can be done until pathology labs can get a break from COVID testing. I would strongly urge anyone to sell now if they aren't prepared to wait this out.

    Yes cash burn was high but for good reason, as mentioned in the quarterly:

    https://hotcopper.com.au/data/attachments/2850/2850297-09f63d234bde9316672577fd47812d77.jpg


    That's allot of consultancy work (usually billed in hours).

    As a FYI to anyone interested, the Payer Budget study was done by our friends over at Renalytix about a year ago.
    https://renalytixai.com/wp-content/uploads/2020/03/BHA-Renalytix-KidneyIntelX-NKF-Poster-3.25.20-FINAL-002.pdf
    They received their CPT code 3 months after publication.

    I am confident Richard and the team will secure the reimbursement code this calendar year. This will be very significant milestone and significantly de-risk our investment here.



 
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