RE: WHO EUL8 Jul 2020 10:13
LB - focus on the 2nd to last paragraph. 'First commercial sales then we would announce this right away'
We are engaged to provide media relations and investor relations support to genedrive and ongoing communications is very much driven by future newsflow in terms of commercial traction. The timing of local registration requirements / regulatory approvals and commercial sales cannot be fixed by the Company as there are many moving parts to the process but David and his colleagues are working hard to deliver these first commercial sales and looks forward to communicating progress to shareholders in due course.
The Company normally provides an update following the financial year ending on 30 June, around mid-July. I would expect an update to be provided therefore in the next week or so. Clearly if there was significant news on regulatory approvals and first commercial sales then we would announce this without delay.
I’ve discussed your request for further information on distribution deals and the process of ensuring their sales team are educated on the products they are selling with the Company. I’m afraid this is a level of detail and disclosure that no commercial company would be prepared to provide externally, and certainly not something that genedrive as a public company would do.
Kind regards,
Paul
Paul McManus
Managing Director
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