India is a bonus - it had been written off30 Apr 2021 10:04
Just a little while ago, the share price went from 140p to 60p. Also most investors had written off India as a market that GDR would not be able to get into. This is a massive bonus and I am not sure it has even priced into the share price. Of course approval doesnt mean sales but India is an extremely difficult regulatory environment to break through ... GDR has done it and now opens massive routes to Govt testing and private testing as well. It may need to reduce prices to get the sales flowing but Divoc who have all the big contracts in India know how to sell so exciting
I used to work in the aviation market and the Indian airlines are now starting to fly again. I am sure Divoc supply to these companies and they will want GDRs test that can produce results so quickly and correctly. If you assume they can get even a fraction of this market, it could be huge
As stated, this is a real bonus and with it being approved in India, it should help get approvals in the USA and other markets and sales will flow quickly. Exciting times ahead ...