Cannabix Technologies Inc (BLOZF)

[Money $hot]

Information Anyone Interested In Cannabix Technologies Can Use:

From news release dated September 27, 2021 - "Cannabix devices are in the advanced prototype and pre-clinical testing stage."

From the Global Center for Medical Innovation (GCMI):

Medical device innovation does not come easy, or cheap. Nor should it. The stakes at every level are about as high as they come in innovation of any kind. From Concept to Cure, the seven stages of the medical device development collectively consume as many as seven years or more, tens of millions of dollars or more and no assurance of making it to market. Trust at every stage is critical.

The Seven Stages of Medical Device Development
Research and Development
Preclinical Testing
Permission for Clinical Trial (510(k), IDE – Investigational Device Exemption, PMA – Premarket Notification Application)
Clinical Trials
Manufacturing
Permission to Market
Post Market Requirements

Full Stop

The above information puts into perspective a reasonable expectation of a timeline for Cannabix moving forward. Cannabix is working on what is for all practical purposes a medical device. Which is why they use the terminology - pre-clinical. I wouldn't expect there to be a leapfrog to commercialization/monetization anytime in the near future.



Have @ It

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