I asked Joe on Facebook, as a reply to his post of
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Posted On: 05/02/2019 3:58:46 PM
I asked Joe on Facebook, as a reply to his post of the news, to see what the gross/net revenue of the 40,000 units is? His response was:
"I would not do that because we have competition, so let’s say my device costs 5.00 a piece, and my test is the highest accurate test out of all competition say by 2% which many would live with if they can get the #2 guys at 4.50 a test, so telling the competition how much they have to beat my price with is not a good thing in medical, now in this country it does not matter because blood test kits are a universal price as far as reimbursement, unfortunately this is a Malaria new test kit and not for USA since we don’t have Malaria here."
So, I assume that means we are slightly more than the next guy, with a more accurate test, that would hopefully save more lives by being more accurate, therefore they are willing to pay that slightly more.
"I would not do that because we have competition, so let’s say my device costs 5.00 a piece, and my test is the highest accurate test out of all competition say by 2% which many would live with if they can get the #2 guys at 4.50 a test, so telling the competition how much they have to beat my price with is not a good thing in medical, now in this country it does not matter because blood test kits are a universal price as far as reimbursement, unfortunately this is a Malaria new test kit and not for USA since we don’t have Malaria here."
So, I assume that means we are slightly more than the next guy, with a more accurate test, that would hopefully save more lives by being more accurate, therefore they are willing to pay that slightly more.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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