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Monday, March 11, 2024 8:02:31 PM
This is from the FDA submission via Birmingham dated 2016:
https://classic.clinicaltrials.gov/ProvidedDocs/86/NCT03421886/Prot_001.pdf
They got FDA approval in May of 2020 while Covid was raging
They did a raise in 2021 and received USD3 Million
They started development of their GEN II
Then did another raise via the Novint merger and raised over USD5 Million
Then they initiated a Nasdaq listing
Still need MM's to file a form 211; still need the S-1 to be in EFFECT
Then they will consolidate and up list
When you are quoted via the OTC and those quotes are unsolicited...you got nothing. That is why there is no share volume..not to mention those that just want a quick trade and fear the consolidation.
*How long does it take for medical devices to reach approval status?
The time it takes to bring a new medical device to market averages three to seven years or more. This does not include the time required to realize insurance coverage, which can double the timeline. Drug approval can take even longer, averaging 12 years.
https://www.fusfoundation.org/posts/the-complex-ecosystem-of-a-medical-device-startup/
What has transpired since 2005? The Global fincial crisis of 2008, Covid in 2020...and now the Israeli war.
So, no...it certainly has not been sitting on a shelf..it has been moving this entire time. And the time frame has been pretty much spot on.
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