Looks rather like a cat fight is shaping up.
Our only real hope is FDA Approval comes through, and DRIO can get enough orders worldwide to gain that roughly #% of world mobile reader device market.
Just guessing . . . looking like most of competitors are 1-3 years from real product retail/internet site selling competition.
All it will take is bigger $$s partner, to 'push' one of these
competing techs to mainstream medical care.
Which brings up the question: will folks like FDA and Goggle and Apple just open up the competitor free-for-all . . . and then just sit back and let the winner take the market? <---this meaning we DRIO investors may be holding a bad-odds to success ticket, in this Lottery? The small company rarely makes it, or thus it seems.
Drio gets no new funding source in next 6-12 months, we are scr--ed.
The coming French International Diabetic Conference end of this month, will be interesting. Wondering which other mobile reader device competitors, will be present?
Looks like its 'show-time' for a miracle SeaHawks Play Call, in the End Zone.
My take on above is . . . there should be some repres' from major present Diabetic blood glucose readers and medical device companies . . . showing up at the French conference. This cellphone mobile device reader tech, is a game changer and product killer for them. when you go to your local pharmacy store, you see on their shelves the present blood finger prick readers. DRIO us trying to upscale do what they once did for diabetic medical care.
We can only dream the governments attending the conference have national funding, to drop DRIO some more orders and Sovereign Use Approvals. <---Drio . . . did you send them a Product-ED package with an invite to your booth? Drio do you have free samples for them to take back to their countries, and a demo team ready to fly to them?
It sure is puzzling to look at the DRIO financials and see very little R &D funded currently (does that mean their 'other bodily fluids' reader device tech is A-Ok ready status? The Cheques Company figured it out with a different reader insertion doggle at each end of their device. Did DRIO?
This is your low-cost chance DRIO, to let these Sovereign Health Care Providers attendees . . . to GET what DRIO can provide them: more efficient--lower costing--health care provision via their in-country mobile phone systems. DRIO did you do your research of which carrier(s) are set-up in each country, and what phone manufacturer has majority of their phone business?
Lastly, DRIO did you think to invite the Russians . . . they have now huge need for this efficient costing mobile health care device in their vast spread-out geographic country. Contact Russian embassy staff in Paris . . .forget the sanctions garbage . . . tell them you would love to have them attend as your guest.
