Thursday, August 09, 2018 5:08:53 PM
The biggest mistake novice biotech investors make is falling in love with a novel product that will be hard to sell and/or is going to be difficult for the FDA to approve it, so it burns huge money for years while the company fights with the hospital buyers after a prolonged fight with the ivory tower theorists at the FDA.
VMS is not novel at all and selling will be relatively easy because it is somewhat of a plug and play addition to hospitals existing ultrasound.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00022463
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