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Latest Forum Topics / EFH Ltd    Last:0.046    -0.003  Post Reply
BIO PHARMA company do research on MEDICAL DISEASES
StevenKan
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01-May-2020 15:56     
 
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 Alert Admin 		Ahahaha.... where to find US$1/unit test kit? Imagine yourself lor....

newbieliu      ( Date: 01-May-2020 15:41) Posted:

Sounds quite little to support the share price lol

StevenKan      ( Date: 01-May-2020 15:20) Posted:

Imagine if it is sold at US$1/unit to ATYU, already generate US$1.25m revenue for that 3 months. A simple mathematic u can do yourself around. If u have better investment than this, please let me know.
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Power1
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01-May-2020 15:50     
 
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 Alert Admin 		It' s obviously a great news for BIOLIDICS. You are in denial just because u hold a short position. You will be a crying baby next week🤣 🤣 🤣

newbieliu      ( Date: 01-May-2020 15:41) Posted:

Sounds quite little to support the share price lol

StevenKan      ( Date: 01-May-2020 15:20) Posted:

Imagine if it is sold at US$1/unit to ATYU, already generate US$1.25m revenue for that 3 months. A simple mathematic u can do yourself around. If u have better investment than this, please let me know.
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newbieliu
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01-May-2020 15:41     
 
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 Alert Admin 		Sounds quite little to support the share price lol

StevenKan      ( Date: 01-May-2020 15:20) Posted:

Imagine if it is sold at US$1/unit to ATYU, already generate US$1.25m revenue for that 3 months. A simple mathematic u can do yourself around. If u have better investment than this, please let me know.

ST3-trading      ( Date: 01-May-2020 13:56) Posted:

Just for sharing 
 

Aytu does not report first-quarter earnings until the middle of May, so details on how its deal for the COVID-19 IgG/IgM Rapid Test won&rsquo t be available for a few more weeks. The company submitted a notice of commercialization of the test kit to the U.S. Food and Drug Administration (FDA) on March 23. Under the FDA&rsquo s emergency use authorization rules, the company could begin distributing the test kits as soon as it wanted to.

The first 100,000 tests arrived on April 1, and Aytu said it expected another 500,000 within two to three weeks. The Denver Police Department purchased the first 2,750 test kits, intending to use them to screen the city&rsquo s first responders. On April 15, Aytu said it had sold out the first 100,000 tests and was awaiting delivery of the additional 500,000, and it increased the size of a third order to 1 million tests.

On April 23, Aytu announced a licensing agreement with Singapore-based Biolidics for exclusive U.S. distribution rights to Biolidics&rsquo s COVID-19 IgG/IgM Rapid Test. The Denver-based company will purchase 500,000 tests and has committed to purchasing a minimum of 1.25 million tests in the first three months of the agreement.


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StevenKan
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01-May-2020 15:20     
 
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 Alert Admin 		Imagine if it is sold at US$1/unit to ATYU, already generate US$1.25m revenue for that 3 months. A simple mathematic u can do yourself around. If u have better investment than this, please let me know.

ST3-trading      ( Date: 01-May-2020 13:56) Posted:

Just for sharing 
 

Aytu does not report first-quarter earnings until the middle of May, so details on how its deal for the COVID-19 IgG/IgM Rapid Test won&rsquo t be available for a few more weeks. The company submitted a notice of commercialization of the test kit to the U.S. Food and Drug Administration (FDA) on March 23. Under the FDA&rsquo s emergency use authorization rules, the company could begin distributing the test kits as soon as it wanted to.

The first 100,000 tests arrived on April 1, and Aytu said it expected another 500,000 within two to three weeks. The Denver Police Department purchased the first 2,750 test kits, intending to use them to screen the city&rsquo s first responders. On April 15, Aytu said it had sold out the first 100,000 tests and was awaiting delivery of the additional 500,000, and it increased the size of a third order to 1 million tests.

On April 23, Aytu announced a licensing agreement with Singapore-based Biolidics for exclusive U.S. distribution rights to Biolidics&rsquo s COVID-19 IgG/IgM Rapid Test. The Denver-based company will purchase 500,000 tests and has committed to purchasing a minimum of 1.25 million tests in the first three months of the agreement.

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ST3-trading
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01-May-2020 13:56     
 
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 Alert Admin 		Just for sharing 
 

Aytu does not report first-quarter earnings until the middle of May, so details on how its deal for the COVID-19 IgG/IgM Rapid Test won&rsquo t be available for a few more weeks. The company submitted a notice of commercialization of the test kit to the U.S. Food and Drug Administration (FDA) on March 23. Under the FDA&rsquo s emergency use authorization rules, the company could begin distributing the test kits as soon as it wanted to.

The first 100,000 tests arrived on April 1, and Aytu said it expected another 500,000 within two to three weeks. The Denver Police Department purchased the first 2,750 test kits, intending to use them to screen the city&rsquo s first responders. On April 15, Aytu said it had sold out the first 100,000 tests and was awaiting delivery of the additional 500,000, and it increased the size of a third order to 1 million tests.

On April 23, Aytu announced a licensing agreement with Singapore-based Biolidics for exclusive U.S. distribution rights to Biolidics&rsquo s COVID-19 IgG/IgM Rapid Test. The Denver-based company will purchase 500,000 tests and has committed to purchasing a minimum of 1.25 million tests in the first three months of the agreement.
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ST3-trading
Senior
01-May-2020 11:53     
 
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 Alert Admin 		https://www.cnbc.com/2020/04/29/coronavirus-testing-chief-says-no-way-on-earth-us-can-test-5-million-a-day.html

Hope more sales from aytu . Will they disclose if aytu order more ? 
how about HK sales figure ? 
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NT7979
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01-May-2020 11:47     
 
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 Alert Admin 		Yes, China has stepped up its export testing since 1st April onwards, after being conveniently blamed by US for any supplier issue, as described in this video too.  https://www.youtube.com/watch?v=dVhPzl6lcjQ& t=323s 

Exerpt from your article  -

Though virtually unrestricted by the FDA, many antibody test distributors in the United States have run into obstacles posed by China&rsquo s export policy.

After European countries criticized the quality of China&rsquo s coronavirus tests, China adopted a new policy on April 1 that holds up exports of tests until the products have a certificate from the country&rsquo s regulator, the National Medical Products Administration.

Thus far, China has only certified about a dozen of the 90 China-made antibody tests on the FDA list of prospective sellers, leaving many U.S. distributors without kits to sell.



This past weekend, however, China&rsquo s commerce ministry said it would loosen those restrictions. It would allow domestic manufacturers to export test kits, provided an authorized trade association verifies that the tests are approved for use in the importing countries.


It was not immediately clear how the move would affect exports to the United States, since FDA approval is not required for antibody tests.

Some medical experts and policy makers say that as the market expands and the stakes grow higher for the tests, the U.S. regulator needs to take on a more assertive role.

Historically, &ldquo the FDA has been there as a bulwark for accuracy and reliability,&rdquo said William Schaffner, an infectious disease professor at the Vanderbilt University School of Medicine. &ldquo If they give up that role, that opens the door to all kinds of mishaps.&rdquo

lifeisgood      ( Date: 01-May-2020 11:20) Posted:


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lifeisgood
Supreme
01-May-2020 11:20     
 
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 Alert Admin 		https://www.reuters.com/article/us-health-coronavirus-tests-specialrepor/special-report-fdas-lax-rules-on-coronavirus-blood-tests-open-u-s-market-to-dubious-vendors-idUSKBN22C3IG?utm_medium=Social& utm_source=twitter
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ST3-trading
Senior
01-May-2020 10:32     
 
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 Alert Admin 		As a investor , we only want the CEO to prove sales figure an deals , 
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glann92
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01-May-2020 10:22     
 
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 Alert Admin 		so now they have 1 million supply?
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Stockerman
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01-May-2020 09:46     
 
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 Alert Admin 		Maybe Bio got sleeping partners from that OEM company..
Anyhow, as long as Bio do not have their own products , they will be be at the mercy of all the OEMs..so it?s just a buy/sell company..


ST3-trading      ( Date: 01-May-2020 09:39) Posted:

I mean 500k is order from zhejian. But china impost some law for not exporting un authorize test kits 
that why aytu come to biolicides to order 500k 
given that mean aytu can direct order from china liao . Unless they looking for branding 

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ST3-trading
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01-May-2020 09:39     
 
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 Alert Admin 		I mean 500k is order from zhejian. But china impost some law for not exporting un authorize test kits 
that why aytu come to biolicides to order 500k 
given that mean aytu can direct order from china liao . Unless they looking for branding 
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ST3-trading
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01-May-2020 09:32     
 
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 Alert Admin 		Ni . From china. Whjch kana hold up. Then come to bio 

newbieliu      ( Date: 01-May-2020 09:20) Posted:

Is this 500 k of test kits is purchased via biolidics ?

Fluffyclouds      ( Date: 01-May-2020 08:42) Posted:

Not easy to be a board of director actually. Reach out too fast but gave half ass items also kena.. Push manufacturer too fast also they give half ass items also bad. Think bio strategy is to give timely allowance but at the same time assurance to users. Afterall, it is putting their co name in line
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glann92
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01-May-2020 09:26     
 
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 Alert Admin 		" In a stock exchange announcement on 23 April, Singapore-listed Biolidics announced that Aytu Bioscience will be the exclusive distributor in the US, for the rapid test kits. Aytu has a binding commitment to buy an initial 500,000 COVID-19 rapid tests, and a total of no less than 1.25 million tests within three months"

should be the initial 500k

newbieliu      ( Date: 01-May-2020 09:20) Posted:

Is this 500 k of test kits is purchased via biolidics ?

Fluffyclouds      ( Date: 01-May-2020 08:42) Posted:

Not easy to be a board of director actually. Reach out too fast but gave half ass items also kena.. Push manufacturer too fast also they give half ass items also bad. Think bio strategy is to give timely allowance but at the same time assurance to users. Afterall, it is putting their co name in line
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98mich98
Master
01-May-2020 09:24     
 
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 Alert Admin 		The 500k is orders on 23 april upon signing of agreement. So now is approved to export. Futher orders from.bio is not stated. Just say orders to sustain the demand.
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newbieliu
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01-May-2020 09:20     
 
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 Alert Admin 		Is this 500 k of test kits is purchased via biolidics ?

Fluffyclouds      ( Date: 01-May-2020 08:42) Posted:

Not easy to be a board of director actually. Reach out too fast but gave half ass items also kena.. Push manufacturer too fast also they give half ass items also bad. Think bio strategy is to give timely allowance but at the same time assurance to users. Afterall, it is putting their co name in line.

lailai      ( Date: 01-May-2020 08:32) Posted:

Ext from Aytu' s announcement for easy read:
" ...  next 500,000 rapid tests have now been cleared for shipment to the U.S. This export clearance from China, along with the additional supply we have secured through our new relationship with Biolidics, gives us great confidence in our supply chain and ability to provide these needed test kits to the U.S. medical community. Our shipments remain on track for delivery and, upon receipt, will be distributed to U.S. customers."

Biolidics shd have distributors like Aytu, who made positive announcements every now and then, to sell the already approved test kits in EU, which is made up of 27 countries with a total population of more than 500mil.laugh


 
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Fluffyclouds
Master
01-May-2020 08:42     
 
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 Alert Admin 		Not easy to be a board of director actually. Reach out too fast but gave half ass items also kena.. Push manufacturer too fast also they give half ass items also bad. Think bio strategy is to give timely allowance but at the same time assurance to users. Afterall, it is putting their co name in line.

lailai      ( Date: 01-May-2020 08:32) Posted:

Ext from Aytu' s announcement for easy read:
" ...  next 500,000 rapid tests have now been cleared for shipment to the U.S. This export clearance from China, along with the additional supply we have secured through our new relationship with Biolidics, gives us great confidence in our supply chain and ability to provide these needed test kits to the U.S. medical community. Our shipments remain on track for delivery and, upon receipt, will be distributed to U.S. customers."

Biolidics shd have distributors like Aytu, who made positive announcements every now and then, to sell the already approved test kits in EU, which is made up of 27 countries with a total population of more than 500mil.laugh


 

polarinda      ( Date: 01-May-2020 01:55) Posted:

cy choices Yahoo Finance Aytu BioScience Announces China Export Clearance of Company's COVID-19 IgG/IgM Rapid Test ACCESSWIRE April 30, 2020, 11:45 pm 500,000 Rapid Tests Cleared for Shipment to Company's Warehouse ENGLEWOOD, CO / ACCESSWIRE / April 30, 2020 / Aytu BioScience, Inc. (AYTU) (the "Company"), a specialty pharmaceutical company focused on commercializing novel products that address significant patient needs announced today that it has received confirmation of export approval for product shipment by China's Ministry of Commerce for the Company's COVID-19 IgG/IgM Rapid Test. Josh Disbrow, Chief Executive Officer of Aytu BioScience, commented, "The backlog of medical products being exported from China created a shipment delay, but Aytu's next 500,000 rapid tests have now been cleared for shipment to the U.S. This export clearance from China, along with the additional supply we have secured through our new relationship with Biolidics, gives us great confidence in our supply chain and ability to provide these needed test kits to the U.S. medical community. Our shipments remain on track for delivery and, upon receipt, will be distributed to U.S. customers."


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lailai
Elite
01-May-2020 08:32     
 
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 Alert Admin 		Ext from Aytu' s announcement for easy read:
" ...  next 500,000 rapid tests have now been cleared for shipment to the U.S. This export clearance from China, along with the additional supply we have secured through our new relationship with Biolidics, gives us great confidence in our supply chain and ability to provide these needed test kits to the U.S. medical community. Our shipments remain on track for delivery and, upon receipt, will be distributed to U.S. customers."

Biolidics shd have distributors like Aytu, who made positive announcements every now and then, to sell the already approved test kits in EU, which is made up of 27 countries with a total population of more than 500mil.laugh


 

polarinda      ( Date: 01-May-2020 01:55) Posted:

cy choices Yahoo Finance Aytu BioScience Announces China Export Clearance of Company's COVID-19 IgG/IgM Rapid Test ACCESSWIRE April 30, 2020, 11:45 pm 500,000 Rapid Tests Cleared for Shipment to Company's Warehouse ENGLEWOOD, CO / ACCESSWIRE / April 30, 2020 / Aytu BioScience, Inc. (AYTU) (the "Company"), a specialty pharmaceutical company focused on commercializing novel products that address significant patient needs announced today that it has received confirmation of export approval for product shipment by China's Ministry of Commerce for the Company's COVID-19 IgG/IgM Rapid Test. Josh Disbrow, Chief Executive Officer of Aytu BioScience, commented, "The backlog of medical products being exported from China created a shipment delay, but Aytu's next 500,000 rapid tests have now been cleared for shipment to the U.S. This export clearance from China, along with the additional supply we have secured through our new relationship with Biolidics, gives us great confidence in our supply chain and ability to provide these needed test kits to the U.S. medical community. Our shipments remain on track for delivery and, upon receipt, will be distributed to U.S. customers."

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Fluffyclouds
Master
01-May-2020 06:56     
 
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 Alert Admin 		Think importers would still go with the reliable sources and credibility ones. UK had a painful lesson about it. That being said, finally the moment i had been waiting for..

ST3-trading      ( Date: 01-May-2020 06:10) Posted:


@jeremy yee
You have and you are racing against the time.
no time watse plss
https://asia.nikkei.com/Spotlight/Caixin/China-loosens-coronavirus-test-kit-export-requirements
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ST3-trading
Senior
01-May-2020 06:10     
 
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 Alert Admin
@jeremy yee
You have and you are racing against the time.
no time watse plss
https://asia.nikkei.com/Spotlight/Caixin/China-loosens-coronavirus-test-kit-export-requirements
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