I have researched other ASX listed company who have submitted their products for CE submission to have a glimpse of what time period we are looking at from submission to approval. An example was revamedical ASX RVA who submitted their CE application in August 2016 and management expected that this will be approved by December 2016. However like medibio at this current time, it took longer than what was expected and the CE mark was finally granted in April 2017. Maybe we are going through a similar time frame?
Jack in The Australian today - $$ to come, page-59
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