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$6.69 the a2 milk company limited

Thank you very much mate. Really good info. If A2 IF can...

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19/06/21

00:21

Post #: 53937476
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Originally posted by JohnnyXY: ↑

Someone mentioned A2 Milk FDA approval for the infant formula. On the FDA web site there is explanation that no FDA approval is needed for an infant formula. It has to meet FDA guidelines, but there is no approval process.

Does FDA approve infant formulas before they are marketed?
No, FDA does not approve infant formulas before they can be marketed. However, all formulas marketed in the United States must meet federal nutrient requirements and infant formula manufacturers must notify the FDA prior to marketing a new formula. If an infant formula manufacturer does not provide the elements and assurances required in the notification for a new or reformulated infant formula, the formula is defined as adulterated under Section 412(a)(1) of the FFDCA and FDA has the authority to take compliance action if the new infant formula is marketed. Source: Excerpted from Guidance for Industry: Frequently Asked Questions about FDA's Regulation of Infant Formula March 1, 2006.

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Thank you very much mate. Really good info. If A2 IF can penetrate US market like they did with fresh milk we may go back to 15+ in next 2 years. It may not be as big as China. But Chinese birth rate is still a big factor for A2M.

A2M Price at posting: $6.26 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $6.69		Change -0.160(2.34%)		Mkt cap ! $4.908B

Open	High	Low	Value	Volume
$6.81	$6.83	$6.67	$5.166M	764.8K

Buyers (Bids)

No.	Vol.	Price($)
1	70	$7.19

Sellers (Offers)

Price($)	Vol.	No.
$5.00	64	1

View Market Depth

No.	Vol.	Price($)
4	30508	7.020
1	15395	6.900
5	2185	6.890
1	1	6.690
4	6827	6.680

Price($)	Vol.	No.
6.360	2553	2
6.490	5687	2
6.700	2431	4
6.720	1710	2
6.730	5560	1

Last trade - 15.59pm 22/07/2024 (20 minute delay)

A2M (ASX) Chart