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News: GMV G Medical Innovations Holdings Files For Offering Of 1.4 Million Adss, page-534

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Mazer

2,806 Posts.

445

29/08/19

13:01

Post #: 40218686
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Originally posted by hkhf: ↑

..."This means no single one product was granted approval between 10/12/2018 and 26/08/2019."...

No doubt we are all frustrated (esp LTHs). However with due respect that's not the case.

For some reason only just realised this moment that i can search each individual (chinese) product name on the "Green Channel" list on a broader search engine instead of previously only limit searching on the internal CFDA/NMPA platform, and then had this find:

As per my previous post (https://hotcopper.com.au/threads/gmv-the-future.4810666/page-348?post_id=39660474),
#2 product in the Official Notice(No27, 2018,issued 07/12/2018) which is also listed as #11 in the “green channel” list named "新生儿黄疸检测手机软件" was ACTUALLY already approved and issued registration certificate at the END of January 2019 by CFDA Guangdong province:
https://new.qq.com/omn/20190218/20190218A0BB5X.html
http://www.ctoutiao.com/1382650.html
https://finance.sina.com.cn/roll/2019-02-26/doc-ihsxncvf7814123.shtml

Partial quick Google translation of one of the above articles:
"...
At the end of January, Beshen Medical has obtained the Medical Device Registration Certificate issued by Guangdong Provincial Food and Drug Administration for "Newborn Jaundice Screening Mobile Phone Software"/"新生儿黄疸检测手机软件". This is the only known new version of the catalogue that has been officially licensed for implementation. Device registration certificate.“The registration certificate is a marketing license for medical device products. This means that "Newborn Jaundice Screening Mobile Phone Software" can enter the hospital's formal procurement process,” said Shentian Medical CTO Shen Tian...."

The above also means:
* It took approx less than 3 months to get CFDA certificate after it was appeared on the Official Notice (No27, 2018,issued 07/12/2018). Then the Official Notice (No55, 2019, issued 15/05/2019) was only a formal procedure for the CFDA/NMPA website NOT necessarily related to the official certificate approval date of the announced products.
* the so called "Green Channel" list looks like only serves as a record for the applications on how many products have been put into this list, hence why it only expands (was some 26 now 34, and none was removed even after CFDA approval).

Will try to search/check the approval status of every other remaining product on the list (mainly before #20 Prizma) a bit later today when have time.

As frustrated as everyone else, i still believe though Prizma's approval might still be happening in Oct or latest end of this year even with the known hiccups.
However even with the CFDA approval in hand, we all know that the SP may still not change without material contracts being signed.
GLTAHs and as usual pls always DYOR.
Cheers

Expand

Nice work @hkhf Impressed.

From your post: However, even with the CFDA approval in hand, we all know that the SP may still not change without material contracts being signed. Apologies if it's been covered here previous, but has it been established why the product s manufactured in Isreal isn't being sold in numbers? Other than via their own website, do we know if or who's selling it?

GMV Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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