Know Labs Inc (KNW)

[lofdog3]

Typically for a device like this it’s 12-18 months conservatively for FDA approval. That being said the Dexcom was approved in less than a year and it is invasive. So it is possible it could be 6 months or so once they start the process...but they must raise/have the money first to get the FDA approval and that takes many many millions of dollars.

Reading between the lines on their website they mention fitness/well being and may be devising a creative and non-dilutive way to raise the capital needed to apply for approval. In my opinion this technology has to have other benefits it can offer (think Fitbit on legal steroids)to the fitness/health market while waiting on FDA and those benefits can be marketed and sold even before the CGM portion of the tech is approved.

Fitness and weight loss is a huge market in and of it self. If they go the product sales route they can raise the money for their application with real sales and pay cash for their application without diluting shares. The other and primary cash hurdle is having the capital to produce more than a prototype. For this plan to work they need enough inventory to sell. Maybe they already have inventory, but I doubt it. Either way I hope they have a plan. Not sure if this is what will happen, but it is a strong possibility in my opinion.

Who knows that else this device can do?
Their previous technology (chromaID**)this device is based off can do so amazing things, there was just no market for an expensive device that can tell the differences and ingredients in different types of vodka for example. Now that they found a way to tweak and monetize that and other patented technology, to the moon and beyond with this company!
GLTA!