greggles
I'll be back!
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Compumedics has signed a major strategic partnership deal with China-based Health 100 to commercialise the Somfit product and technology platform in China.
According to the announcement, Health 100 will purchase 1 million Somfit devices over two years after the Somfit device achieves China Food and Drug Administration (CFDA) approval. Compumedics anticipates that the Health 100 purchase agreement will generate at least A$133m (US$100m) in revenue over the first two years.
CMP has gapped up this morning and is currently trading at 68.5c, up 67.07% from yesterday's close of 41c. On the surface this appears to be great news for Compumedics. I haven't been following the development of their Somfit technology, so I assume that the CFDA approval is pretty much a given. If so, it's very good news for holders.
According to the announcement, Health 100 will purchase 1 million Somfit devices over two years after the Somfit device achieves China Food and Drug Administration (CFDA) approval. Compumedics anticipates that the Health 100 purchase agreement will generate at least A$133m (US$100m) in revenue over the first two years.
CMP has gapped up this morning and is currently trading at 68.5c, up 67.07% from yesterday's close of 41c. On the surface this appears to be great news for Compumedics. I haven't been following the development of their Somfit technology, so I assume that the CFDA approval is pretty much a given. If so, it's very good news for holders.
