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Thanks Technik. Only just seen your response .
@flying thanks for posting your response regarding the software tool. Seems plausible they see this as a feature to coearce targets in further simplifying the process.
I have 0 understanding of diagnostics software. Anyone know what it runs off? I work in software so trying to understand if previous tools would have a dependency on older operating systems.
Also can our software tool only be used for Genedrive diagnostics?
Thanks.
Good post Jimmy. Top man.
Jimmybob,
Insightful. Thanks.
thanks for the insight JB.
I work in the medical device sector not COVID related but elective surgery products. Approvals have been taking much longer due to COVID. BSi have been performing 2 stage QMS reviews the first one are remote but they won’t issue a certificate without an on site review. Everyone to queuing up to book their and other Notified Bodies time. On top of that there is now new legislation coming in in the form of the EU Medical Devices Regulation. This is such a busy and complex time and so I am not surprised GDR are struggling on timely approvals everyone is. They seemed to have got some product through the process so must have a good relationship with their Notified Body or are getting an expedited review for being Covid related? JB
To be fair Philjpo - good point, instrument breakdown is not independently corroborated, so I should have also caveated that in earlier post.
@LP
I think DB has done an excellent job considering the development of what is a sophisticated integrated test compared to the competition. This takes time and approvals have taken longer. He has set and delivered expectations and had approvals not been delayed there’d be more sales booked. Give it a few more weeks and I suspect significantly more sales announced.
I read on this board about instrument issues causing delays in generating the data from the Indian government labs. Not in DBs control at all.
Don’t have a view on GP.
POC unit will be using the same test and same algorithms. It’s validating saliva as the sample type that will take the time. I suspect then that they are already in trials. I expect news flow in this after the summer, early autumn.
DIVOC, I have a good feeling about these guys and india. Particularly some Gate’s subsidy...
I reckon august will be a good time to buy. Or any price less than 80p, assuming ii 's don't start dumping.
@technik
You've been here much longer than most. Wanted to ask you a few questions.
Firstly, what is your opinion on DB? Strictly in relation to competance and commercial astuteness since being in role at Genedrive. I ask as I've only been here since April as such have a very short term view on the leadership.
Also, has their commercial lead, Gordon Powell done any interviews? I can see he has years of experience in the field but his previous few roles are advisory roles until position at GDR. what tends to happen is you lose your cutting edge when you stop doing and start advising.. not saying that is the case btw, it is just an assumption and something I've seen happen.
Also, what is your expected timeline for PoC device delivery?
Sorry for all the questions, but appreciate your view. I'm trying to dig a couple layers deeper on this one. I see this turning but not for a few weeks or so.
Btw the divoc lead will have direct routes into specific indian state healtchare services.. check his previous jobs.. sure website looks like an Evian ad but its who you know and he was very snr @ public health foundation of India.
Approvals can come at any time, unfortunately there’s no fixed timeline. As I understand it the Indian approvals were delayed because the instrument the official test lab used broke down and this delayed data submission, this is now in. You don’t submit bad data so I suspect approvals shortly. Certainly weeks not months. FDA also in a similar position.
I don’t share the opinion this is now a downward spiral. Some may and I suspect will take advantage of the delays which are not Company induced, they’re just approvals process dependent. Sales lining up. For us LTHs this is a great position for the business. I expect market cap to rise over the coming 6, 12 and 18 months as more sales and more tests develop.
What a mad day Friday was. Next steps here are approvals and then sales. Lots of sales. Let’s see what the share price does but I suspect a recovery ahead of the next set of announcements that support large sales volumes....