RE: Cash Placement10 Apr 2025 08:39
TwoGood2Die
I don't think your monica applies to AGL! AGL became a lost cause about 3 years ago when it became clear that the anticipated market, supplying hospitals directly and performing large numbers of analyses directly for hospitals was not going to take off. So a change of business model and rapid retrenchement was needed, and AGL had to shut down the US lab. Since then they have been working with, and are at the mercy of, pharma. There will never be enough pharma work, in my view, to make AGL a profitable outfit. Revenue, as has been have pointed out, is about 1/3 of running costs. Unsustainable. Unless someone comes and takes AGL out of its misery, it will fold. Someone might buy the IP but losses for all concerned will be substantial.