(Total Views: 365)
Posted On: 01/12/2020 4:56:57 PM
Post# of 8577
--- --- Biel Was Headed For Profitability --- ---
But Made a BIG Mistake By Letting Their CE Mark Expire.
CE Mark Rules Changed and The Guy In Charge Had Retired, and Biel Made a Mistake.
Normally a CE Mark Takes 12-16 Weeks To Get But The U.K. Government
Decided Every CE Mark For Every Product Worldwide, Would Come Under New Rules and Regulations
by May, 20 Of 2020. The Majors Were Already in Line as Were Many Others
and Biel Got Caught In The Back Of a LONG Line. Biel Has Everything Done For CE Now
and Waits for Final Audit, So They Can Begin Shipping.
As a Post Script This Product Had Been The Number One Seller In Boots/Walgreens In Its Category in the U.K.
Mundipharma (Part of Purdue Pharma) Has Signed For 7 Countries,
of Which $536,000 Deferred Revenue is Pending, and also in Addition 29,500 Units Were Shipped Q4.
Mundipharma is In Negotiations for 30 More Countries.
Biel Needs 2 Things.
1. FDA Full Body Clearance With a Decision Which is 1-14 Trading Days Away.
CLUE: FDA Has Asked About Labeling. (Now Where Have We Heard That Before)
on ELTP, When We Heard "Labeling" We Were Confident. We Were Right.
2. CE Mark Which Is An Audit Away.
FULL Disclosure: PHD In Biel and Self Appointed Newbie Educator.
Another CLUE: Biel is Another Monster!!
One More CLUE: Contracts Trigger With Full Body Clearance
My Other Stock ELTP is Headed For Monster Status, This One Is Next!!
But Made a BIG Mistake By Letting Their CE Mark Expire.
CE Mark Rules Changed and The Guy In Charge Had Retired, and Biel Made a Mistake.
Normally a CE Mark Takes 12-16 Weeks To Get But The U.K. Government
Decided Every CE Mark For Every Product Worldwide, Would Come Under New Rules and Regulations
by May, 20 Of 2020. The Majors Were Already in Line as Were Many Others
and Biel Got Caught In The Back Of a LONG Line. Biel Has Everything Done For CE Now
and Waits for Final Audit, So They Can Begin Shipping.
As a Post Script This Product Had Been The Number One Seller In Boots/Walgreens In Its Category in the U.K.
Mundipharma (Part of Purdue Pharma) Has Signed For 7 Countries,
of Which $536,000 Deferred Revenue is Pending, and also in Addition 29,500 Units Were Shipped Q4.
Mundipharma is In Negotiations for 30 More Countries.
Biel Needs 2 Things.
1. FDA Full Body Clearance With a Decision Which is 1-14 Trading Days Away.
CLUE: FDA Has Asked About Labeling. (Now Where Have We Heard That Before)
on ELTP, When We Heard "Labeling" We Were Confident. We Were Right.
2. CE Mark Which Is An Audit Away.
FULL Disclosure: PHD In Biel and Self Appointed Newbie Educator.
Another CLUE: Biel is Another Monster!!
One More CLUE: Contracts Trigger With Full Body Clearance
My Other Stock ELTP is Headed For Monster Status, This One Is Next!!
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