GREY:RPBIF - Post by User
Post by
dimar66on Mar 19, 2009 1:34am
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Post# 15854353
Notes from invest NW
Notes from invest NWRoche - Starting to sell cardio tests this month in N. America and will begin marketing in 8 Asian countries in the 2nd half of this year. Other markets world wide in 2010, 2011.
3M - RSV - clinical work complete and submission for 510k review in April, aiming to have clearance for Fall 2009.
Shionogi - BNP, Japan only and the single channel reader
New opportunities are being investigated, cancer, coagulation, gynecological, and kidney and in discussion with multiple diagnostic players
Potential production capacity greater than 15million assorted tests a year would be about $100 million a year in revenue.
New facility has passed FDA QSIT audit inspection late last Aug
Cash Burn - reduced from $1.3 million to less than $0.7 million per month, cash should last through June 09 seeking alternative financing including debt financing