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As I have told, my opinion is, IPCI needs sales. This is the key question now.
They have approved products. They even have capacity to manufacture them. They still need to be sold.
Does anybody here know what it takes to own a pharmacy in USA? Would it be possible, IPCI bought a pharmacy from some major city and starts to sell themselves? Cutting all "middlemen" out at all.
To get $20M revenue, the market area needs not to be extremely big. Even one several million people city would be enough but ofcourse market share needs then to be quite good. Having at least M20$ sales would be enough to save tho whole company.
I do not claim this would be fast way to stars, but something needs to be done now without waiting any more and I expect growth to be exponential if they only start somewhere.
Relying on something like PAR or MNK is too big risk.