Member Info for stocksaint

I spoke too soon. Appears update yesterday saying they changing reporting dates, so next update will be later than usual, in first half of 2026:

https://www.redxpharma.com/wp-content/uploads/2025/12/Redx-Pharma-Update-to-Year-End-Final.pdf

But actually Lionel, looking at GDP per capita gives a much better idea of wealth anyway (especially for products like these). India's GDP per capita is a fraction of the UK's. Probably this explains problem GDR has had before with these kinds of countries: they are just not able/prepared to spend the big bucks required on these kinds of products for mass rollout. This was the mistake GDR made some time ago. They had very big hopes for their hepatitis test, especially in emerging markets, but it almost completely fell flat.

I didn't say that. I know exactly where it ranks in GDP. But GDR has stated that they are focused on developed markets. (They tried emerging markets before and it went very badly for them.)

GDR will never take that risk again. They lost big trying to sell products to those countries.

"Fantastic, imagine the remote regions of India and Africa"

GDR gave up trying to sell tests to emerging markets like this a while ago and then put the strategy focus firmly on developed markets. Emerging markets were originally their main strategy (though for different kinds of tests) but completely failed as they discovered emerging market countries just won't stump up the money.

It's not great news for GDR because it appears Scotland will only consider this product for "remote areas", whereas the main population areas even in Scotland will be serviced by the mainstream lab solution. (Though quite a predictable outcome).

Yes, I think must have been Jazz. We should find out the details next month in the annual report.

There should be an annual report published next month (there was last year). They must have received a milestone payment recently as cash runway has obviously been extended without them having to raise new funds (but not sure how long to, maybe into Spring at the moment). They do publish a new presentation every month/2 months as well.

To me it's all quite strange. Ok, they have a £1m loan. But this will all be gone by early March given current cash burn. I think it took them a while to arrange the last placing (that got shelved). So surely, they need to start speaking with would-be funders now about placing terms. Makes me wonder what the point of shareholders battling the previous placing. Yes, it could be above 0.2p, but it could be that this is exactly what will be offered once again. Or will DN just end up buying GDR completely, no idea about that.

If cash burn is now at £450k per month, surely they'll need to do the placing in March.

So far he hasn't taken a seat on the board (and doesn't have anything near a "controlling" stake). Perhaps he is planning to remain a minority PI investor and lender.

My guess is it will be about 8 to 12 months after this date that it actually starts to get rolled out in England and Wales (assuming the NICE decision is positive). Reason is becasue NICE like to appoint committees to go over the evidence.

"1. PALOH evidence generation for RNR1 – thought this would be very early 2026 and in time for potential national commissioning as part of the new medtech funding pathway coming in April. But the programme is not expected to complete until about May I think Gino said, which means any commissioning decision will be months afterwards."

This is a bit of a real-time soap opera. lol

Lol nissan, a few months more cash burn is hardly a game changer is it.

At least DN has a meaningful stake in the company. That shows some commitment I have to admit.

This is why the placing price was going to be so low. At 0.2p, they were all thinking it would be easy to make a fast buck.

"They are only interested in making money off private investors."

That's so surprising, I thought they were charities.

Wow, he really knows how to pick winners then.

Eureka,

When a bank thinks about lending money to someone/a company in a distressed situation like GDR, they always ask themselves the question of whether the would-be debtor's situation will have changed (for the better) by the time the money is due to repaid. Probably the reason why no one else will is because they don't have confidence that GDR's situation will have changed by then.

The loan terms are very friendly. But it only gets GDR to end of March.