RE: Express - AxisBiotix4 Feb 2023 09:23
mol
The link is an advert in Friday's online version of the Daily Express, it did not appear in Friday's printed version as I checked but may of course appear in Saturday's print, try this link
https://www.express.co.uk/life-style/health/1726217/amazing-supplement-soothes-Psoriasis-Axis
This advertising to try and shift as much axisbiotix product at a discount before it goes out of date is a real positive as any extra sold will add back in value to next years accounts by reducing some of the anticipated £250M impairment from this year's accounts. Contrast this with Opti who left discounting too late and is now selling already out of date stock to unwary customers alienating them in the process.
Agree with your AGM comment, it is a rolling statement carried over from previous years.
I don't fully agree with your transformation comments addressed at Elrico. Taking your cue regarding reading last year's financial results RNS, we were told this about the acquisition target ", so some things are known and having a physical outlet to NHS pharmacies for axisbiotix and in future acne products etc should be transformational,
Agree with your comments regarding hitting rather than missing targets, Croda and Acne study launches have both slipped, and SA really does need to stop his lazy approach to reporting on the other pillars. For instance, from 2020 Full Year results for Medibiotix "Management also believes there is utility for the technology in the treatment of various classes of skin wounds and is in discussion with a number of global advanced woundcare companies in this regard. The Company is targeting a commercial agreement to develop and test the SkinBiotix® technology in these indications.", 2022 Results "Other areas for application include various classes of skin wounds. Due to the complexity but significant opportunity of the woundcare area, Management believes a joint development agreement with an industry partner is the best way forward. Early discussions with potential global partners in the medtech sector have commenced.". So on the face of it no progress made, if so tell us why that is the case, else explain in plain English how things have actually progressed rather than rearranging words across FYs.