LDX lumos diagnostics holdings limited

To be fair I think he said in October that product sales were...

  1. 11,596 Posts.
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    To be fair I think he said in October that product sales were ramping up for flu - did he not? So medical centres have to start nibbling at the stock the distributors have, and then they re-order. And they are probably buying 20 or whatever to test them out if they are interested, or to give some to a particular doc who wants to check them out for a reco.

    I'm not surprised. They don't have reimbursements in place for a start I believe. These new things drag out longer than people expect. There is a lot of work for customers to do to implement new things. Often takes a shove from somewhere. We are still waiting for medical organisations to actually recommend it, assuming they are going to do so.

    I worked for a company that had - at the time - equipment you could install into dairies that could provide metrics on milk in real time, saving milk companies a fortune as they could blend to meet milk fat requirements, and avoid many manual lab tests. Took about 6 years to gain momentum. Now I am confident (30 years later) that there is no dairy operating anywhere with government regulation without this equipment.

    The market will zing this stock when there is an announcement of a recommendation from a key medical standards group, and/or mention of reimbursement from HMOs and Medicare IMO. We don't need CLIA Waivure for that. Then sales will be expected to follow in greater numbers.
 
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