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Response Biomed Corp RPBIF

"Response Biomedical Corp is engaged in the research, development, commercialization and distribution of diagnostic technologies for the medical central-lab testing, point of care (POC) testing and on-site environmental testing markets."


GREY:RPBIF - Post by User

Post by Sir_Holleron May 12, 2013 1:16am
166 Views
Post# 21369516

Next Two Quarters

Next Two Quarters

These new guys sound very motivated, competent, and focused with a plan and under the guidance of Orbimed as majority shareholder. And it sounds like an army has moved in to whip this puppy into shape. The financials are much improved with EBITDA positive growth in sight. They are budgeted to achieve their strategic plan this year with the limited cash on hand. They are making the tough choices and their plan is comprehensive from manufacturing, to personnel, to new geographies, to new products, to marketing. This and the next quarter should benefit from a number of factors as it all comes together. The stock has shown a dramatic jump since the beginning of the year and insiders were buying at the end of the quarter about to be reported as they also said in a presentation they look for an even better 2013. Monday is their first chance to show the market what 2013 has in store. With the new team having more time to get things done, and the new U.S. distributors, and the CE Mark for the D-Dimer test the next two quarters should be good ones.

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