G'day folks,
I haven't posted on CST lately, been keeping my powder dry for some news. Those of you with long memories will remember I called this stock a year ago when it was forty cents but got horsewhipped by a well known poster with umpteen different nicks when it slumped down to the mid $1's after hitting $3.
Well here is the goss. CST is about to receive endorsement approval in the US from the Centre for Disease Control (CDC) for the use of Qantiferon-tb. The
CDC approval is a precurser to unlocking government contracts, which in the case of Qantiferon tb, is where most of the market is in the US. I also understand (goss you understand) that CST is in the final stages of negotiating some large contracts there.
All this comes on top of some recent announcements of distributors being appointed in a number of countries.
The goss is that the CDC approval has been given and is awaiting the announcement.
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