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10.3¢ pacific edge limited ordinary shares

Hi @Few Pennies, could you see another CR if the third milestone...

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10 Posts.

13/10/19

13:03

Post #: 40857122
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Originally posted by Few Pennies: ↑

Jellyroll
I expect PEB will be getting even closer now to getting that final milestone for the LCD and the company recently reported;

"Progress being made with the third andfinal milestone, to have Cxbladder includedin a Local Coverage Determination (LCD),which will allow for reimbursement byCMS."

once that occurs a massive upward valuation of the company will occur along with a rapid upward sales trajectory.
Whats more an announcement confirming the LCD has been signed off could occur at anytime, these LCD's usually take a total of 4 -5 years and the company has stated in their 2020 objectives that for the USA market:: Successfully achieve the third and final USA reimbursement milestone to gain inclusion in the LCD"
I suspect that indeed this will be achieved and in fact could well could occur at anytime soon.

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Hi @Few Pennies, could you see another CR if the third milestone isn't met? It appears they are currently burning more cash they they have on hand on the moment. Possible the biggest risk for this company i can see is their going concern.

Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
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