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4.9¢ lumos diagnostics holdings limited

The device do solve a big problem.FDA rationale for not...

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jomat123

638 Posts.

28

12/07/22

07:49

Post #: 62485459
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Originally posted by LongTony: ↑

not exactly suckered, and not by LDX, anyway.

prior to IPO Lumos had developed and submitted a novel test that met the approval criteria. their submission had been done in consultation with the FDA and they had received feedback from the FDA that the submission was satisfactory and that approval could come within months.

The FDA has been shuffling the goal posts ever since

Hopefully, FDA approval comes with a new approach, but the business now has negative EV and is worth many multiples of its current mkt cap on the back of Canadian and Victorian agreements IMHO

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The device do solve a big problem.FDA rationale for not approving the device is not logical.Lets see what TGA has to say.

LDX Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 4.9¢		Change 0.000(0.00%)		Mkt cap ! $23.58M

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