STTCOMP MEB FA LONGMedibio LtdMarket cap - around $17mMedibio is...

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    STTCOMP MEB FA LONG

    Medibio Ltd
    Market cap - around $17m

    Medibio is a medical technology company developing tests to assist in the diagnosis of depression, other mental health disorders and chronic stress. I liked today's announcement about the global agreement with Compass Group for ilumen which is a corporate wellness product. However, the main catalyst for me is the FDA approval for MEB-001 which is a device to assist in the diagnosis of depression. It is due around November 30 according to the AGM presentation announcement. Bit of a binary event - approval could see the share price fly whereas denial would see a big hit to the share price (obviously).
 
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