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Likewise bigdog also somewhat concerned. Cheers for this...

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Bluebush

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07/07/17

08:52

Post #: 25719150
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Originally posted by CBD ↑

Hi all

A little while ago I spoke about Suda becoming a manufacturer for Zolpimist - I think I stated they would need around 3 million to set this up. I have been troubled by this to some extent because I could not see this as a smart thing to do, for one it opens us up to ForX risk if nothing else, it can also compromise supply if, for example, we have a factory fire, or even a workforce strike.

I spoke again today with the Company and asked how likely this model was given that it had been mentioned as a possibility at some future point.

I can say after my conversations that there's is a supply/distribution model only, that is, the product is manufactured under contract by various companies depended on the territory being supplied. Suda's revenue from this activity will come via a handling fee. All this makes perfectly good sense as it helps to lessen any risk to our supply chain.

I was told that there had been a lot of work put into achieving this model in so far as being able to find quality manufacturers with the capacity to supply decent volumes.

So for those that were concerned we would become a manufacturer in our own rite, (and I was one of them), we can rest easy in the knowledge that our lab will continue doing what it does best, and that is improving out IP to a point where we won't be ignored.

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Likewise bigdog also somewhat concerned. Cheers for this clarification and it certainly does explain where a GMP specialist is required on board to vet individual manufacturers.

SUD Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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Likewise bigdog also somewhat concerned. Cheers for this...

BCI reaches close of funding facility for salt-first part of Mardie project

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Likewise bigdog also somewhat concerned. Cheers for this...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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