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LP
Its 6 weeks for validation, in normal business practice this includes testing and everything else that goes with it - when you validate a product you check that it works as per expectation, thats not authorization.
They would not go through all this trouble if they didnt get FDA. I think FDA will come first. Hopefully GDR can then announce some numbers because at the moment they cannot sell something to Beckman they are not authorised to sell as no FDA.
Realistically i think theyll get validation done in a month, the amount of shiit DB has got, if i were him i would play this conservatively and add an extra week or two on, also they will be working on the swab to saliva in tandem too.
But i agree with you. If everything works and in a month or 6 weeks its all validated and they announce 3-4 more labs its suddenly looking good. The key points is that Beckman make the PCR machines and the reagents, and the tests through the Cytiva subsidiary. Setting up more labs should be very easy.
What do you mean?
Weve had the ability to sell the product since the end of May. It is August now, 0 sales. 0 approvals outside of CE.
I think this partnership will prove lucrative, but it's in its infancy still. And is centered on a single site, please read the RNS, it will be no doubt rolled out upon its success. But the reality is with 6 weeks until authorization and a further month for a trial, GDR wont see huge numbers for 3 months, from this deal.
Let's hope India comes in soon. & some African sales are on the way.
I'd have been happy to see this rushed to market and sales being made. It's no good having a fantastic product if you are not selling it. Few weeks time sales will start to come it, however I expect sales to start slowly just as they did for NCYT. If all goes to plan by October GDR should see true value.
There is small volume today so they MM's do what they can to get it churning..............
Sadiqbfd-this is NOT a covid share. There is far more to this Company and the way they do business and there products. This is why it's done properly here-no products from these rushed to market. Wait and see.................
I think the ii's and indeed pi's are taking profit against any upticks tbh. Perhaps many investors did not expect to be invested in this covid stock for such a long time. Covid stocks do have a shelf life and make no mistake GDR is a covid stock whether investors like it or not.
Yep-while the MM's can control it they will. Stay calm and patient all. Manipulating -------- it'll change!
Did expect this to reach 1£ Mmmmm
It feels like there is a block of traders who are bouncing between a number of covid stocks, without news I expect this to drift back into the 70's again as this trade block sells and moves into odx since that has a lot of near time news coming, then they will move on again. GDR is undervalued but we have known this for months now and nothing is helping it yet reach true value. It is only sales that will achieve that and that will be hopefully in the next few weeks.
I said it yesterday. Unfortunately there seems to be a pattern with these covid shares. I'm in a couple of em and they're the same. It seems more like a smash and grab scenario.
The worm is heading back north...
88.5 i had as yesterday close price.
.....down 5+% is close to close price?...
To be fair,
I didnt expect it to spike up today, but to its detriment it did. We are pretty much close to yesterdays closing price.
FDA this month?
ICMR ? if they rely on FDA for tick off ICMR then hopefully a 1m order to go with FDA, or ICMR if that comes first.
Personally i would hope that the 1m is in at least 2 sales geographies. Proves we are not only capable of selling to cousin Divoc.
It's true though right? As we have been saying since mid May - this will not consolidate at higher levels until we have confirmed sales. Everything that has happened since then has backed that assertion up. If this follows the usual GDR behaviour then this will drift back down until the next spike. Who knows, it might behave differently this time but so far this morning it's not looking like it.
I resisted posting yesterday as everyone was excited, it was a good day for GDR with good news, however without actual sales this is going to drift back down again. Hopefully sales will be along within the next few weeks and then this can really have a chance of recovering.