RE: NICE to evaluate16 Jun 2022 08:56
The approval process according to the document posted by Bobbyk (Tks for this) states it’s 290 days. However, I’m not sure where we are along the process. To me it looks as if we’re already well on the way as we’ve seen 3 expert reports a while ago, I believe we already have CE marking for sale in the UK and EU (please correct if mistaken), the NHS already has some machines set up and running in Manchester so information is already available from the past 3 months, the test is not connected to any disease (that always makes things slow) and finally it was actually developed in partnership with the NHS. Imo I can’t see why this wouldn’t be fast tracked but what do I know?! At worst it could be 9 months (next March) and at best perhaps 3 months (Sept).
If the markets in general continue to struggle I can see the sp hovering around these levels or dropping further towards 17p but it won’t be long before some investors start to build positions and we’ll see steady accumulation.
All looks positive but, as always, patience required.