I want to mention the ramifications of yesterday's news. The Certified Supplier status basically means that all of PEMEX's current and retired employees and their families can be proscribed Sucanon from their doctor and have it covered by their insurance.
This is truly a big milestone because docs are always going to recommend drugs that are covered by insurance over those that are not. This opens up a huge customer base for FROI.
Also, our partner Merck DOES NOT has this certification. They are very excited because they want to include some of their drugs through FROI!! This is a new easy revenue stream for the company that was not there before. I don't yet have a handle on the size of this rev stream, but will shortly.
There are 4 other agency certs still to come and each one covers a different pool. So, there is still more to follow. This means that once we have all 5 we will basically have penetrated the Mexican market deeply. How easy will it be therefore to extend into the private sector once we have ALL the Federal???
Best,
Mike Irving
Paramount Advisors,LLC
407-878-5462