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01/01/21
10:38
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Originally posted by ozstock94:
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Because I've had a meeting with Pete Saunders the COO. The medical device status of Tali Train means that early on its difficult as you can't just sign up, you need a referral or prescription and that's why they aren't currently pumping campaigns in Australia and US, Europe. It's a hinderous at this stage because we don't yet have all the things lined up. BUT... They are working hard on getting license partners in overseas markets and in Australia the aim is Medicare. They are also working on a course in attention and how a deficit impacts kids and adults which they will get accredited so that A) Doctors can do it to accumulate their required education points and B) It's also tax deductible for doctors and health care professionals to do it. This means additional revenue streams while also marketing Tali directly to the people who can prescribe it. That, combined with being on the Medicare rebate list means that when we hit the market, doctors and psychologists should be well versed that there are now alternatives to drugs and parents will be able to get Tali for next to nothing. If you haven't put two and two together, it's essentially a license to print money. However until we get the Medicare scheme, the medical device status is a barrier as it's harder to market direct to consumer. That's why we've moved into India, less harsh regulatory environment meaning a quicker launch to market. In Australia we are atleast 12 months from full commercialisation.
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Thanks for that. Great explanation.