Bioelectronics Corp (BIEL)

[Daytime_Lantern]

"Costs related to winning 510(k) clearance for a medical device that were directly related to satisfying Food & Drug Administration rules average $24 million, according to a Stanford University report. More than three-quarters of the cost to bring a medical device from concept to the U.S. market is spent clearing regulatory hurdles, according to a Stanford University report."

Now, Stanford says the average cost is about $24M. It's been reported that BIEL/AW has spent about $35M, thus, getting FDA clearance. Well, there is a delta of $11M, relative to the two aforementioned figures. So, I guess this is one of those things that makes you go, Hmmm! I ain't saying, I'm just saying!!

GLTA!!!