RE: FDA Approval / Parsortix System5 Dec 2020 12:19
hi Chester,
There are already substantial stocks of both Parsortix machines and especially cassettes, partly because there is already robust research use, and partly in anticipation of FDA approval. There has not been any talk (I can recall) of 'scaling up' manufacture, as they are relatively easy to build, and demand is expected to rise gradually rather than in a huge rush, though 'healthy' initial orders for ovarian cancer diagnosis are expected. The Parsortix system itself retails at around £50K (of which 70% is profit), and the cassettes £100 each (£85% profit). Each machine can run a cassette every 30 minutes, continuously, so I guess that would be between £2500 and £5000 worth of cassettes per machine, per day, depending upon urgency. Once Angle has its own clinics and downstream analysis, the revenue figures increase significantly. The clinics should be ready for FDA approval (as it stated so in the fundraising RNS). It would be interesting to hear any added detail you get from emailing the company. Good luck!