Hi All,
I must have done something wrong in a past life, but the current experience with SMN is very reminiscent to past experience with Cellestis.
Cellestis had a new test for TB, and had to jump through the FDA regulatory hurdles.
The process took about 10 years, but was ultimately granted & to things were looking good.
Some concerns were raised about patent life & the company was taken over by a foreign concern.
Last time I looked, the TB test was turning over $100m+ (sour grapes - you bet!)
Not saying SMN will ultimately be the same, but when dealing with Regulator & intrenched practices, the wheels turn slowly.
I don’t think there is an underlying conspiracy to hold Australian companies back, or delay until patents expire or because of the activities of past management.
I suspect no one wants to fast track & then have an incident of any description on their record/conscience.
Yes, the road is long, with many a winding turn, and while there are no guarantees in life, I’m personally not losing sleep & appreciate the updated (forecast) timetable.
Cheers
DrDazmo
Past Life
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