Where is the enthusiasm which GC has previously displayed. This is a very cryptic announcement particularly with the reference to the fact that Mix&Go 'may or may not" be utilised. The POC issue is only a recent phenomena and it appears that all energies have been directed to this project.
What happened to the push for the use of Mix&Go in traditional testing processes where it was proven to be more efficient with significant cost benefits that would make it hard for testing companies to reject. Signings of this nature were supposed to be well on the way long, long ago.
If it is believed that POC devices will replace all other testing processes then this is an excellent announcement but the final outcome of this collaboration is still a long time away just to determine if it can in fact be used.
I believe that GC should clarify the position as to what processes the company is involved in for the use of Mix&Go. If everything is put on hold while "ALL" efforts are directed to its use on POC devices he should justify putting everything else on hold or at least tell us what is going on with all those other perilously close signings before the POC's came on to the scene.
There have already been in excess of 100 approaches to the company about the use of Mix&Go in a multitude of testing processes that were supposed to be "well advanced". What has happened to these well advanced discussions beacause there are certainly not 100 companies developing POC devices but thay are obviously performing other tests that Mix&Go could improve in terms of efficiency and cost.
Without some further information this announcement is disappointing to say the least and doesn't reflect very well on GC or the company in terms of the lack of information being provided about the progress of their activites pre the POC domination of events.
ADO Price at posting:
6.5¢ Sentiment: None Disclosure: Held
