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3.9¢ g medical innovations holdings limited

Ann: Response to ASX Query Letter, page-17

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RA_86_99

514 Posts.

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27/03/18

15:41

Post #: 32061412
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Originally posted by Nortynurse ↑

My guess is with the recent completion of the factory they would think about recruitment of people to work in the factory at full steam instead of just producing a tiny amount for Greece etc. I believe it's more about economies of scale. I have worked for some medium to very large medical companies and I know how tough and expensive it is to deal with logistics when the economies of scale isn't there to produce. Pharma companies charges hundreds of thousands for a month supply of cancer drug to a patient because not costed them approx $1Bil to get to that stage (failures, time and R&D to list a few before u make a ground breaking discovery): The same here. GMV cannot just kickstart a factory. But I am with you in the part where we could produce for all the other countries which we have contracts, as it is not encumbering on the govt providing a CDFA tick. My guess is Taiwan's and India distributors haven't got their act together, from reading between the lines. Wish management would be a little better with communication or and update to the market would be awesome once in a. While

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I haven't seen news that the factory is completed - I don't believe it is. Previous updates were that it would come online in April.

GMV Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
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