Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Guys when is this blue hat approval expected in China, is it by end of this year?
Thanks
From the December '18 interim results... I think this is the most recent...
'The two completed studies (a human study and an animal study) showed excellent results in use for Fruitflow®, and BY-HEALTH intends to make its first blue cap submission to the SAMR for Fruitflow® in February 2019, with a further blue cap submission envisaged later in 2019, both to include references to the Company's existing European Food Safety Authority ('EFSA') health claim for Fruitflow'.
Good question Yesman but nobody knows.
blue hat normally takes 3 years to be granted, each submission cost 60k to 100k (over 500k on some cases) By health currently have around 200 sku and 140 are blue hatted, they are definitely the know how company in terms of getting the blue hat status. My guess is that 2 years will be sufficient for them to put a blue hat on Fruitflow products, hence Q1 next year we should see some significant progresses.
The turnover of By health last year was 5.2B RMB (£580 MILLION) with gross margin of 67%, 200 SKU will give each products £2.9M of annual sales, if Byhealth launch 8 products containing Fruitflow, they are paying 8*2.9*0.33=£7.66 m to DSM, if the profit share between DSM and PXS is 70/30, revenue for PXS will be £2.3 m(Multiple of current sales of 450k), PXS gross profit margin was 90% (according to audited account ended 30 Sep 2019), £2.3m *0.9- 800k(R&D, Admin and distribution cost)= £1.3M in profit, work on the PE of 30, our market cap should be £39M while the current Market cap is £14M. So when people saying we are heading towards 0.35p, please advise your thoughts behind that.
I hold a few millions of shares in PXS and am willing to wait for another 10 years as i think Fruitflow will benefit millions of people, in fact i have more faith in PXS than the 3 companies i am running at the moment :)
T
one more thing to add, Byhealth is not the only client we have. If Fruitflow is promoted heavily by such a giant, more companies will jump on the Fruitflow wagon.
Wow...u said it, davidxie77! Great to hear from u!
Perhaps By-health have exclusively in China. You'd think that if By-health are going to pay for trials etc, and marketing, that would be in the arrangement. But, there are other countries / continents. I realise there's no evidence to back up this, however.
PHDS in Dietary Supplement Registration
PHDS enjoys a high reputation and widespread acclaim for successful registration experience in China for over 25 years for health food, dietary supplement, food ingredients and GRAS products. PHDS provides high quality, high efficiency and reliable service of regulatory consulting and registration for clients from over 54 countries. As an expert in regulatory affairs in China, PHDS possesses enormous successful registration experience for health food.
The regulatory management of China's dietary supplement industry has always been a controversial issue especially over the pasted years. CFDA requires companies to apply for a registration before marketing. The registration is referred to as a "blue hat" registration because the logo resembles a blue hat. Most registration could cost upwards of $100,000 or more per product depending on what claim is being made and what the ingredients are, then various laboratory tests and animal tests would be taken. Since the issue of Health Food Registration and Filing Management Procedure, the products that meet the requirements of specific ingredients and usage can go throug a filing procedure, which is called a "orange hat". PHDS as a leading professional expert in such regulatory affairs has a very high efficient and high successful rate for the registration with CFDA.
PHDS gets your products into China faster.
...sorry, am I missing something, when and where was PHDS referred to by Provexis?
They're not , but it just emphasises the process and cost .
Hi sphinx100 - Okay. I see ehaf h mean.
Hi davidxie77 - Just out of interest, on the By health website (UK site), I counted 69 products. So, in terms of there being 200 products, are only 69 available online, and the rest u have to buy in shops? Or, is it that only 69 are available on the UK site?
Sock, This
http://www.femgj.com/cpzx/gnbj/show-103.html
and others would suggest the don't have total exclusivity in China
Hiya gixer - Ah, I see. Thanks for putting me straight :)
hi Sock, apologies for the late reply
You need to go to their Tmall or Jd store to see the full range of products, in fact, I am not aware of their operation in the UK, can't see any oversea income in their annual report
https://mall.jd.com/index-1000001285.html
https://tangchenbeijian.tmall.com/
I don't think they will get total exclusivity in China, even they do, they will have to pay good money for it, don't forget DSM is still in the mix, I am sure they will maximize their return in Fruitflow as much as possible
Hi davidxie77, really good to hear from u! Thank u for the website links. I wondered if u knew of a Chinese website that list all approved health claims so far?
With EFSA, there was a website that listed all approved health claims, which was very useful to see which claims had been approved and the company that had received the approval?
It would be nice to know if there were any other blood pressure lowering products out there in China that have had Blue Hats.
Sock
Hi Sock, below is the link of the government portal you can search for products with blue hat approval, however, i am afraid that it is only in Chinese and it is not very informative tbh, I did a search by using the keyword "blood pressure", there are around 150 results and I could not see any by-health product
http://tsspxx.gsxt.gov.cn//gcbjp/bjpindexquery.xhtml?cpmc=&pzwh=&sqrzwmc=&bjgn=%25E8%25A1%2580%25E5%258E%258B&zyyl=&scqyywmc=&scgdq=&cpywmc=&scqyzwmc=&bs=
Thank u. davidxie77, Wow...150. That's a lot more than I had in mind. I'm out of touch on the EFSA approved health claims for reducing blood pressure, which I think is only fish oils and potassium.
So, I take it there are lots of different plant extracts and minerals over in China that can make the blood pressure claim?
Maybe that's not a bad thing as it helps to build awareness.
I was thinking that Fruitflow might be amongst only a handful of other blood pressure lowering supplements in China.
Sock
...I managed to use Google translator on the website u kindly provided. I also put in the key words 'blood pressure' and 150 items appeared. A lot of them appear to be registrations that were approved 15 to 20 years ago. Perhaps these are old claims that don't have Blue Hats?