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Bullboard - Stock Discussion Forum
NuGen Medical Devices Inc
V.NGMD
Alternate Symbol(s):
NGMDF
NuGen Medical Devices Inc. is a Canada-based specialty medical device company. The Company is engaged in marketing and selling its InsuJet needle-free injection system designed to improve the lives of millions of diabetics. Its principal business is the research, development and commercialization of needle-free injection devices and systems for the administration of subcutaneous medication. It...
is developing products using its needle-free delivery technology in several fields including, but not limited to, diabetes, semaglutide, growth and fertility hormone, as well as deoxyribonucleic acid (DNA) and conventional/pediatric vaccines. It is focusing its development efforts on needle free devices in the area of liquid jet delivery through the InsuJet platform. The Company's InsuJet technology platform is based on jet-stream administration of liquid drugs. The Company manufactures and commercializes needle-free injection systems and sells in over 40 countries globally.
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TSXV:NGMD - Post Discussion
NuGen Medical Devices Inc
> HUGE NEWS, The Market Yawned!
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•••
tdsb
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Post by
tdsb
on Jul 28, 2023 5:29pm
HUGE NEWS, The Market Yawned!
What was that, they signed a deal with an American company $204 million. CHEERS!
(2175)
•••
lscfa
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Comment by
lscfa
on Jul 28, 2023 5:52pm
Revenues don't start until 2024 and likely build gradually over 5 years so co. will not be cash flow positive for quite a while. July 25, 2002 - The first 2.5 years of the 5-year agreement has minimum commitments of 750 devices plus components in 2022, 5,300 devices plus components in 2023, and 8,200 devices plus components in 2024 for a total of 14,250
...more
(2175)
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lscfa
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Comment by
lscfa
on Jul 28, 2023 7:11pm
Should read July 25, 2022
(2175)
•••
lscfa
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Comment by
lscfa
on Aug 03, 2023 3:18pm
My guess of revenue build.... 2024 2025 2026 2027 2028 2029 2030 Total Devices sold 20,000 40,000 60,000 80,000
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