Thursday, November 15, 2018 6:05:08 PM
Sure, as a tiny company with a relative small capital base, the partnership model is the prime choice. In Germany they got the proof that the direct channel sales is far above of all other markets (more than 50% of total turnover. To cover different markets, it was ok to have Fresenius Medical and other partnerships on board (Italy, India,...). But this model does not bring a comparable success as in Germany. If you are in a competitive situation, sure, a direct and indirect channel strategy is required. But the time is now mature to increase substantially the direct sales force. Even if they get a partnership with a big pharma (which I assume will be announced in
Q1-2019), Cytosorb needs additional sales people to big pharma sales and support channels. I would be very much wondering, if Cytosorb does not require addtional capital to fund an agressive sales strategy. They have no other choice. Good news is that competition is not yet seen on the horizon. A slow moving company like Cytosorb with a great product and huge market does face the danger to be too slow. They might be overrun by competition or taken over by a big pharma (which might be the only way to survive).
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 10:20:45 PM
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