RE: Trying to unpick this "new collaboration"13 May 2020 12:36
Qd22 - You raise some very interesting points, most of which I can't answer I'm afraid, however...
The RNS states that the R&D from both companies have been working together on a new product for which initial orders have already been received. Whilst the RNS makes no mention of a deal being signed, sealed and delivered, I would think this has already gone way beyond being just a gentleman's agreement. The details may also be vague because the other company has requested this for the time being.
Rightly or wrongly I'm quite glad about the white label manufacturing bit. Take for example, Covonia cough medicine. A well known brand over here, which is actually made by Thornton & Ross, who also manufacture Zoflora and Savlon to name just a few. This would mean that TRX are still able to manufacture their own products, and it's seems unlikely that the other company is interested in any sort of takeover, they just want TRX to manufacture a particular product for them. That's my understanding of it anyway, although I've never worked in commerce / business either.
There are definitely more questions than answers at the moment, but things may be clearer come the end of June (ish).
GLA