Guided Therapeutics Inc (GTHP)

[Zeppo]

Years ago the FDA began charging the industries, over which it has jurisdiction, fees (on the sale of approved products) to improve oversight, hire reviewers, and expedite processes. GTHP obviously has fallen through those cracks. Maybe it's back to an active review status merely because the company reminded the FDA that it needed a decision. If that's the case, we could be looking at several more months of nonsense. I truly believe the FDA knows it has to approve this test....but it doesn't want to do it because of the lost revenue this highly automated test will create in the areas of adjacent testing. It's what the auto and steel employees have endured for 40 years of technological innovation: Machine vs. manpower with improved productivity, safety, and product as prime results.....but fewer jobs