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Sona Nanotech Inc C.SONA

Alternate Symbol(s):  SNANF

Sona Nanotech Inc. is a nanotechnology life sciences company, which is engaged in developing targeted hyperthermia therapy. The Company has developed multiple methods for the manufacturing of various types of gold nanoparticles (GNR). It is engaged in research and development of its technology for use in multiplex diagnostic testing platforms and advanced biomedical applications. Its gold nanotechnologies are adapted for use in applications, as a safe and delivery system for multiple medical treatments, for the approval of various regulatory boards, including Health Canada and the Food and Drug administration (FDA). Its gold nanorod particles are manufactured without the use of cetyltrimethylammonium bromide (CTAB), eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. The Company is focused on the development of a pre-clinical nanomedical therapy for the treatment of cancer using its biocompatible GNR.


CSE:SONA - Post by User

Bullboard Posts
Comment by Silverback63on Mar 30, 2020 2:30pm
40 Views
Post# 30861013

RE:RE:2 mln test kits @ $50.. = $100 MLN just a start.

RE:RE:2 mln test kits @ $50.. = $100 MLN just a start.Like everyone I wanted to see the announcement say the prototype was completed and 50M orders at $50/test was already booked. If I take my head out of the clouds and look at how businesses really progress, this was a great announcement. They have a contract now to manufacture the test, an international partnership now to distribute the tests, and an order for 2 millions tests, even before they finish the prototype. That tells me the Sona team are really pushing things quickly, and are focused on getting the entire supply chain established while the R&D guys complete the prototype. For them to have these figured out, and an order prior to their prototype being complete, shows us the demand for their product, and that Sona can get it done within the timeframe we need. This test will not require a central testing unit like Abbott's, and will only be limited in it's growth by the speed of manufacturing and distribution, once this is complete. Assuming $50/test, a $100M order prior to prototype completion is a great start.
Bullboard Posts