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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

Comment by Chyler1on Jan 04, 2021 8:15pm
181 Views
Post# 32221024

RE:RE:RE:RE:RE:Going over 4 dollars with any positive news.

RE:RE:RE:RE:RE:Going over 4 dollars with any positive news. Thanks for the reply, you make some interesting points.  On the other hand as someone in business when someone wants to come and sell me something I take a critical ok at it, the supply in the marketplace, the history of the product and the firm.  The first question i would ask as a potential customer is why don't you have Health Canada and FDA approval if you are from Canada and claim your test is so good?  Of course hearing their explanation of no FDA and HC even though they were applied for, I would be thinking in the back of my mind, why do I need all of this uncertainty of a product when I have 125 other products to choose from including some that are FDA and HC approved and from big reputable pharma?  Just from a business point of view knowing what I know about the test (and that is more than a lot of potential EU customers I am pretty sure) it would be a career shortening move to stick my neck out and accept this much risk with so many alternatives in the market place.
I haven't even spoke about price, Roche and Abbott signed a 20M rapid antigen test deal with the EU for about $6.20 USD...Sona had anticipated selling their test for quite a bit more than that but the delay has resulted in more entrants into the market and a drop in price.  Given that market price environment, it will be tough for Sona to make money off any sale in those conditions even if they can get them....

Not saying its impossible but I don't like the odds.....
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