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clock Created with Sketch. 29/05/18
09:06
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Originally posted by Eqz
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Think about this,
1.5 million Americans are diagnosed with diabetes every year. Source: http://www.diabetes.org/diabetes-basics/statistics/
Let's assume $10 in royalty payments from lets say just 10% of the 1.5M diagnosed per year, that's revenue of $1.5M pa. At 20% that's $3M in royalty payments from the US alone. (PIQ average Opex from FY16 and FY17 has been $3M) With commercialization in the US, it's almost certain that Australia, Japan, Europe & China will follow in due time. Couple this with the CPR Agreement and expected increase in sales from the analytical division - the future looks good PIQ holders.
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There has been mention of the royalty figure in previous PIQ announcements over the years. I recall this one regarding the US market.....https://www.asx.com.au/asxpdf/20150902/pdf/4311mmt9bkfjtj.pdf
(20min delay)