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can anyone help with chairman's "throwaway" at agm

  1. hardmano

    15,678 posts.
    A bit late I know but I've just listened to the AGM webcas. I seem to have missed the reference to a proposal that would need consideration "early in the new year" by the Chairman (or was it the CEO) that someone posted about here the other day. What did he say? Can someone perhaps supply their interpretation.

    At the AGM management said that the Scottish prion work would soon be reported and that has happened. They also indicated that there would be another "production" agreement in the next few months - there have been 2 agreements announced ( Advantek and Serologics) but are these what they were refering to or is there more to come?

    The most worrying thing from management at the AGM was that a full FDA clearance for use of the Gradiflow technology in industrial separations applications would not be 5 years away but might be up to 2 years. Or did I misinterpret that comment? The CEO intimated that the work with Cangene might provide a "shortcut" to the FDA approval process - but no timelines were given. They are keen not to overpromise and underdeliver, but some idea of how long the process might be would have been helpfull.

    Where to now for the share price given today's reaction to GDP not achieving their goal of halving of costs and doubling of sales in the first half?

    Cheers

    H

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