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10/01/18
09:36
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Originally posted by pete11
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hi guys
just wondering the MM strip that goes under your tongue that BDA are going to be making with that swiss company biopharma, what exactly is that product for? is it pain relief? or some other cure?
cheers guys.
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Pete, the details you are asking for are in the company announcements.
iX Biopharama (manufacturers of the wafer) are a Singaporean listed company, the extract will be imported from Linnea SA (the Swiss company they are partnered with).
Background can be found in their initial agreement announcement with IX Biopharma:
http://www.asx.com.au/asxpdf/20180104/pdf/43qm501y83dl43.pdf
background on why they're doing phase I trials and potential product uses here:
http://www.asx.com.au/asxpdf/20170821/pdf/43lkmdgl66r7vx.pdf
background on revenue and sales growth here:
http://www.asx.com.au/asxpdf/20171213/pdf/43q4cfhr8lj3xb.pdf