RHY 6.06% 6.2¢ rhythm biosciences limited

Definite agree. TGA announcement likely would have been...

  1. 534 Posts.
    lightbulb Created with Sketch. 73
    Definite agree. TGA announcement likely would have been mitigated if they had other markets already bringing in revenue. Infact, it would have likely already tested RHY’s ability to produce the product at scale and easily have provided samples or data to the TGA for batch testing.

    Looked like RHY wanted to secure TGA before any market deals to secure ‘favourable outcomes’ which I can understand, or maybe they wanted to be the new thing for bowel screening in Australia (which is what I was thinking - and that would have looked great) so where does it leave these discussions now? It almost feels like an Aesop tale of cognitive dissonance/sour grapes “oh well the Australian market is small, it doesn’t mean anything, it’s hardly any money anyway” that’s what Otto’s comment reads like.

    Wind back the clock a few weeks and that’s ALL this forum was talking about (including myself) TGA was the foray into commercialisation.

    look at Hydrix and their response for withdrawing from the TGA and it was more concise than what we got from RHY. they said that it won’t be accepted in current form. That the TGA “are not yet convinced that the patient benefits sufficiently outweigh potential risks from using an endocardial lead (used in pacemaker implants), in the Australian context. ” and they can say it won’t affect current revenue because they are actually bringing in revenue from OS.

    We have been told none of the specific questions the TGA were seeking of RHY besides “batch testing” and that they could answer a majority of them anyway so don’t worry.

    Ive been trying to do some research on approval stats on second attempt for TGA. Can’t find much, I can for the FDA, they even have 3rd and 4th.

    They need to do something. updating the geocities looking website is a start. Anything to show that they are proactively looking

    https://www.rhythmbio.com/careers/

    get rid of this dated shite for a start, dead links. Who’s running their IT operations. I know school kids that will do a better job.












 
watchlist Created with Sketch. Add RHY (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
-0.004(6.06%)
Mkt cap ! $15.41M
Open High Low Value Volume
6.3¢ 6.5¢ 6.0¢ $27.02K 433.8K

Buyers (Bids)

No. Vol. Price($)
4 132970 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 32871 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
RHY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.