Replies to post #42442 on Decision Diagnostics Corp (DECN)

[zeynoc]

You answered your own question. There has not been a business for the best in class product and J&J needs to pick up the tab. Thanks for your help.

[nonsequetor]

No business here?

Very Interesting!

Perhaps you can explain this:

http://ikfn.co.kr/m/page/detail.html?no=7788&ckattempt=2

(Translation supplied)

Header:

Signed a contract to supply FDA-approved blood glucose test site for international drugs

First picture:

Signed contract to supply domestic sales 'GenUltimate Test Strips'

Second Picture:

Signed contract to supply domestic sales of GenUltimate Test Strips


Following Sentences:

We signed a supply contract to import the blood glucose strip 'GenUltimate Test Strips', which has been approved by the US FDA, in Korea. International Pharmaceuticals signed a contract with UnicaCare Inc., a domestic agent of PharmaTech Soultions, a US FDA licensor, on January 31, 2017.

The blood strip strip, which is supposed to be supplied exclusively, can be used in conjunction with a blood glucose measuring device using the One Touch Ultra strip to quantitatively measure blood sugar in whole blood, and to obtain fast and accurate results with a small blood sample of at least 1.0 µl Is the most important feature.

And it is constructed at a reasonable price so that it can be easily tested on demand. In particular, even after receiving the US FDA approval, this blood strip strip can be manufactured in accordance with the manufacturing and quality control guidelines required by the US FDA, ensuring product safety and reliability.

With the signing of the supply agreement, International Pharmaceuticals expects to increase the market share of blood glucose strips in Korea by 50 billion won and contribute to sales and profits thanks to the blood glucose strip market, which grows at an annual average rate of more than 5%. Meanwhile, KOGAS has established KJ Care, a subsidiary that handles medical devices and welfare equipment, in 2011, expanding its business beyond pharmaceuticals. (One Touch Ultra, a blood glucose meter, is a registered trademark of Johnson & Johnson)