Good morning
@yysy
Hope all is going well... Interesting company this one...
Yes indeed I did read this on page 6 regarding the time lines in particular anticipated CFDA clearance, however I believe this guidance is worse case scenario as in under promise and over deliver to us the shareholders - my sources inform me that PRIZMA anticipated Q4 2017 and GMP anticipated Q1 2018. This can be confirmed if one contacts management or speaks to the lead brokers, it's no secret....
Do take note however of this timeline guidance...
View attachment 762462
If the attached file does not upload then here is the link:
https://www.emergogroup.com/resources/china-process-chart
A nifty little video is also there within the link above...
Also take note changes are coming, effective on August 2018 to streamline this process:
Medical devices regulation in China;
http://www.medicaldesignandoutsourc...ical-device-classification-catalog-need-know/
On a side note I find this article quite interesting since our technology is Israeli based:
http://m.jpost.com/Business-and-Inn...p-hi-tech-accelerator-program-in-China-506807
It's also interesting that since we have a joint venture agreement with GIBF China ( G medical owns 70% in this subsidiary) there is an additional 10 million in government grant funding because of this relationship. Excluding this there is still plenty of money sitting in the kitty which I love because it is less likely that we will encounter any capital raising which of course leads to dilution.
I'm really looking forward to Commercial production especially once we receive CFDA clearance this is the big one, well there's over something like 1.3 billion potential GMV patrons over in China compared with USA of over 321 million. China's healthcare spending are severely lagging when you compare with America's spending in healthcare:
America - 3 trillion dollars;
China - 574 billion
Size of medical device market:
CHINA, 8.7 billion (USD);
AMERICA, 147.7 billion...
https://www.emergogroup.com/resources/market-china
Anyways back to the races, in Bathurst at the moment. Thinking how awesome would it be if G medical was plastered on some of these big red cars choot choot chugga chugga
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All IMO
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Happy weekend
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Cheers
Red bar
