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Will bio unhalt today or tomorrow?
Biolidics has been running up more than doucble its price, so I think Clearbridge has better chance of further increase but limited unless otherwise
Either way, all hell will break loose😁
bormon ( Date: 23-Apr-2020 14:03) Posted:
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still range bound, dunno why
Guys, you think clearbridge will run up faster or Biolidics?
Later going to chiong again once BB comes back from lunch break
Cheong again....Huat Good luck
https://links.sgx.com/FileOpen/Aytu%20Distribution.ashx?App=Announcement& FileID=607753
The board of directors (the " Board" ) of Biolidics Limited (the " Company" ) is pleased to announce that the Company had on 23 April 2020, entered into a distribution agreement (the " Agreement" ) with Aytu Bioscience, Inc. (NASDAQ: AYTU) (" Aytu" ) to appoint Aytu as an exclusive distributor for the Company& rsquo s rapid test kits for the Novel Coronavirus 2019 (the " COVID-19 Rapid Test Kits" ), in the United States of America (" USA" ) for a duration of one year from the date of the Agreement, with an option for an additional one-year term. Aytu will be tasked to handle all inbound logistics, sales and marketing operations and regulatory matters, and as such provide the infrastructure in the USA for the Company. The Company retains the right to sell the COVID-19 Rapid Test Kits directly to certain clinical partners in the USA.
Under the terms of the Agreement, Aytu has a binding commitment to purchase from the Company an initial 500,000 COVID-19 Rapid Test Kits within one business day from the date of the Agreement. Aytu is required to purchase from the Company no less than 1,250,000 COVID-19 Rapid Test Kits within the first three months from the date of the Agreement in order to retain exclusivity (the & ldquo Minimum Exclusive Commitment& rdquo ). All third party orders arising from Biolidics& rsquo own referrals and sales will not be included in this Minimum Exclusive Commitment.
Further, Aytu shall pay for and lead the clinical trials processes, to complete and obtain regulatory clearance for the COVID-19 Rapid Test Kits under Section 510(k) of the USA Food, Drug and Cosmetic Act (" Section 510(k)" ) from the U.S. Food and Drug Administration, a federal agency of the United States Department of Health and Human Services, during the term of the Agreement (the " Clearance" ). If Aytu completes the Clearance, Aytu shall maintain exclusivity for the remainder of the term of the Agreement. Completing the Clearance allows the Company to sell its COVID-19 Rapid Test Kits in the USA under Section 510(k) in addition to the current completed Section IV.D of the " Policy for Diagnostic Tests for Coronavirus Disease-2019 during the Public Health Emergency" (the " Policy" ). The Policy was implemented by the Secretary of Health and Human Services of the USA to help rapidly expand testing capacity by facilitating the development and use of SARS-CoV-2 diagnostic tests during the public health emergency, and may be terminated after the period of the public health emergency. More details about the Policy can be found here: https://www.fda.gov/media/135659/download.
Listed on NASDAQ, Aytu is a specialty pharmaceutical company focused on global commercialisation of novel products addressing significant medical needs such as hypogonadism (low testosterone), cough and upper respiratory symptoms, insomnia, and male infertility.
The Agreement is likely to contribute positively to the revenue of the Company for the current financial year ending 31 December 2020. However, the Company is unable to quantify the financial impact as there are no minimum purchase quantities beyond the first three months of the Agreement.
Shareholders and investors should note that policies in relation to testing or detection of the Novel Coronavirus 2019 may change in response to developments in the COVID-19 situation which is evolving rapidly. Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions that they should take.
Save for their respective shareholdings in the Company (if any), the Company is not aware of any of its Directors or substantial shareholders having any interest, direct or indirect in the Agreement.
The board of directors (the " Board" ) of Biolidics Limited (the " Company" ) is pleased to announce that the Company had on 23 April 2020, entered into a distribution agreement (the " Agreement" ) with Aytu Bioscience, Inc. (NASDAQ: AYTU) (" Aytu" ) to appoint Aytu as an exclusive distributor for the Company& rsquo s rapid test kits for the Novel Coronavirus 2019 (the " COVID-19 Rapid Test Kits" ), in the United States of America (" USA" ) for a duration of one year from the date of the Agreement, with an option for an additional one-year term. Aytu will be tasked to handle all inbound logistics, sales and marketing operations and regulatory matters, and as such provide the infrastructure in the USA for the Company. The Company retains the right to sell the COVID-19 Rapid Test Kits directly to certain clinical partners in the USA.
Under the terms of the Agreement, Aytu has a binding commitment to purchase from the Company an initial 500,000 COVID-19 Rapid Test Kits within one business day from the date of the Agreement. Aytu is required to purchase from the Company no less than 1,250,000 COVID-19 Rapid Test Kits within the first three months from the date of the Agreement in order to retain exclusivity (the & ldquo Minimum Exclusive Commitment& rdquo ). All third party orders arising from Biolidics& rsquo own referrals and sales will not be included in this Minimum Exclusive Commitment.
Further, Aytu shall pay for and lead the clinical trials processes, to complete and obtain regulatory clearance for the COVID-19 Rapid Test Kits under Section 510(k) of the USA Food, Drug and Cosmetic Act (" Section 510(k)" ) from the U.S. Food and Drug Administration, a federal agency of the United States Department of Health and Human Services, during the term of the Agreement (the " Clearance" ). If Aytu completes the Clearance, Aytu shall maintain exclusivity for the remainder of the term of the Agreement. Completing the Clearance allows the Company to sell its COVID-19 Rapid Test Kits in the USA under Section 510(k) in addition to the current completed Section IV.D of the " Policy for Diagnostic Tests for Coronavirus Disease-2019 during the Public Health Emergency" (the " Policy" ). The Policy was implemented by the Secretary of Health and Human Services of the USA to help rapidly expand testing capacity by facilitating the development and use of SARS-CoV-2 diagnostic tests during the public health emergency, and may be terminated after the period of the public health emergency. More details about the Policy can be found here: https://www.fda.gov/media/135659/download.
Listed on NASDAQ, Aytu is a specialty pharmaceutical company focused on global commercialisation of novel products addressing significant medical needs such as hypogonadism (low testosterone), cough and upper respiratory symptoms, insomnia, and male infertility.
The Agreement is likely to contribute positively to the revenue of the Company for the current financial year ending 31 December 2020. However, the Company is unable to quantify the financial impact as there are no minimum purchase quantities beyond the first three months of the Agreement.
Shareholders and investors should note that policies in relation to testing or detection of the Novel Coronavirus 2019 may change in response to developments in the COVID-19 situation which is evolving rapidly. Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they are in doubt about the actions that they should take.
Save for their respective shareholdings in the Company (if any), the Company is not aware of any of its Directors or substantial shareholders having any interest, direct or indirect in the Agreement.
I bought 100000 shares this morn . Sold 80000 shares at $0.355..left 20000 small small play abit
sncm3425 ( Date: 23-Apr-2020 13:37) Posted:
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It's a gamble, as long as bio still has no news yet.
john76 ( Date: 23-Apr-2020 13:35) Posted:
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Don't sleep, take a nap. Sleep too much at night cannot sleep liao.
wolverine23 ( Date: 23-Apr-2020 13:32) Posted:
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can go and sleep already?
Tomorrow will be like today's scenario, push all the way up in the morning and accumulating in the afternoon. One day cannot move too much, afraid sgx query.
tody nothing to see Liao
BB not playing Liao
BB not playing Liao
wait sgx scold.
bye bye for now...
bye bye for now...
no halt, but absorbing, not worth the risk
No leh. Good luck
oreocookie ( Date: 23-Apr-2020 13:13) Posted:
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Please go to Trendlines and help to push that one up instead.
all chionging
I think today's level is around 34-345. Wait for tomorrow to move up.
Potential to run higher used to be above 50 cent stock