RE: Sorry, my mistake17 Jan 2023 10:53
Must admit bel I am less than thrilled with the prospect of an acquisition fuelled by a further equity raise and a little puzzled over where it fits into the future strategy of using Multi National Partners to sell at pillar level. There even appears to be conflicting statements in the Year End RNS that in one place stated "Post year end, sales have continued to increase albeit still at a slow pace, however, the retention rate of approximately 80% on a monthly basis supports management's belief of the long-term potential for the AxisBiotix-Ps™ product. The Board believes it is in the interests of the Company and a better way to generate long term value to its shareholders to seek to secure an exclusive deal with a global multinational for AxisBiotix-Ps™, rather than signing multiple distribution deals across different markets. " , and yet further in when speaking about Acne (part of the Axisbiotix Pillar) "Acne
The next product in development under the AsixBiotix pillar is one targeting acne. Early signs of efficacy were seen in the participant study with benefits reported by people suffering from other conditions, from acne, rosacea and eczema.
During the year, the Group has been developing a new bacterial blend. Management is pleased to report that the pilot formulation is stable and it is looking to design a consumer study in the same form as the BRIGHT study for Axis-Biotix-Ps™. This study is anticipated to commence during 2023. In the meantime, the team is assessing the options for the most appropriate commercialisation strategy, on the basis of a positive outcome."
Well surely, if the decision has been made to pursue a Multi National Partner approach the options have already been assessed and decided on?