I share your frustration at the slow progress with MEG and Somfit.
I think part of the reason progress has been so slow is that the products, when announced, are not yet fully developed and tested, ready to enter production. They have been more like prototypes or alpha test versions. To develope further without any customer or partner committment would cost alot more time and $, putting pressure on the company's financial position. So they have taken a safer path of minimising spending in the short term.
This then leads to potentially more problems and re-engineering later.
There does appear to be a delay in the MEG commissioning, but its worth also looking in detail at the language used, with different milestones being
Installation,
First phase of commissioning
Second and final installation phase (not sure if this means 2 or 3 phases in total)
The earlier announcements were certainly not clear about the whole process, just referring to the installation.
In the Feb 19 announcements, they expected to install the MEG in FY18 H2, which they have done.
The Pac partners report gives alot more info, including:
" Fee paying patients in a “research mode” are due this quarter and the FDA approval process should conclude by early 2020."
"We understand CMP has at least 50 enquiries to purchase MEG, and five have progressed to a significant level of due diligence. We expect 1 or 2 research based hospitals to order MEGs in 2H’20F"
https://pacpartners.us3.list-manage...680a242d0a&id=f2e064cc6f&e=a96c8e09b6
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I share your frustration at the slow progress with MEG and...
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