- AT1 confirmed 400k+ cassettes sold between April-Dec last year being send to LDX and NGBiotech. NGBiotech were averaging 100K lots each quarter. Based on the time frame, I estimated around 50K to 100K to LDX.
50K cassettes = 2000 boxes of Febridx or the equivalent of $800K USD gross revenue.
Not all of the $200K was Febridx sales as Viradx may have played a big role for this quarter. However, even if it was, its 500 boxes of Febridx sold. We could still be looking at 1500+ boxes of Febridx in market at present which is around $600K USD of revenue.
One way to track progress is the AT1 reports to see how many cassettes sold and reference to the total revenue for the direct product sales each quarter and project how much is still in market.
LDX Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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