Post by
CrazyProphet on Oct 14, 2020 9:11pm
Not sure
everyone is reading this the correct way ?
FDA permission to commence marketing, sales and distribution under (EUA) Emergency use authorization ..........my understanding is
Products are allowed to market under this ruling while waiting for blanket approval. Just like VST'S first Elisa test submission now the rapid test they will show on the FDA list as unapproved until a full approval or denial is deemed.
Personally I think this is going to be a gold mine with big money wanting in ! Tomorrow they are presenting at a virtual investor day.
https://twitter.com/VicSquareTech/status/1316453727449034760?s=20
Comment by
RapsAlot on Oct 14, 2020 9:32pm
You are correct. They can proceed. In short FDA can pull approval alot quicker this way if say covid-19 went away tomorrow and covid-20 comes along and these devices no longer detect. Clearly this is no concern today but its a fail safe. Full FDA approval means it could be sold when no need for it.
Comment by
RapsAlot on Oct 14, 2020 9:36pm
Also I just simplified reasoning because it is fairly complex why they approved as emergency use but that's the part that relates to our stock. I like to read!
Comment by
CrazyProphet on Oct 15, 2020 7:30am
Well any thoughts on price movement today ? That investor presentation today might shake out a bit of action ?
Comment by
CrazyProphet on Oct 15, 2020 9:41am
LOL thats cheating you got a fresh news release
Comment by
CrazyProphet on Oct 15, 2020 10:37am
You getting the feeling a plug is getting ready to POP !