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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

Post by hintonkidon Oct 29, 2020 12:40pm
305 Views
Post# 31803897

I think that all is not completely lost.....

I think that all is not completely lost.....This morning SONA investors began their day with disturbing news.  The FDA was not intending to provide SONA as an emergency status COVID-19 test and the share-price spiraled to the down side by over $4.00 Canadian on massive selling volume.  However, though I suppose a number of investors will disagree with my assessment, I don't think that SONA is a complete write-off.  If I recall Saudi-Arabia was interested in the SONA's COVID-19 test as were others and HC has not yet finished evaluating the test data.  After all, they must be interested in the test's potential if they have been asking additional questions of SONA about their test.  It seems to me that they wouldn't be making further inquiries if SONA was no longer on their short-list for potential approvals.  Further, it is important to understand that the big power players such as Phizer and others have submitted their own fast tests to the FDA and since they are US home-grown companies it stands to reason that their tests are going to get priority over international companies especially small companies like SONA.  Remember, AMERICA FIRST!  Also, the current US Administration has vowed that they will not be dependent on non-US drug or medical supplies providers ever again especially after they found out early on that a lot of the materials required for processing tests and used in the production of drugs all, or certainly a large number of them, come from China.  So, please don't throw out the baby with the bath-water.  Any way, that's my take on things.  Wishing my fellow investors good fortune and good buys.
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