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FER - Fermiscan Limited

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Nice to see some green today. I feel a little bit more positive that we didn't stay in the 60's for too long ;although we are a not that clear of it.
When are these asian trial results due again?
 
Very interesting move.

Fermiscan agrees to acquire Sydney Breast Clinic
Fermiscan Holdings Limited (ASX: FER) today announced that it has agreed to acquire Sydney Breast Clinic Pty Limited.
Sydney Breast Clinic (www.sydneybreastclinic.com.au) has been operating for over 30 years as a provider of diagnostic services for women with symptoms of breast disease and as such is continually seeking ways to ensure they are at the forefront of their profession. Sydney Breast Clinic are the leaders in the provision of Diagnostic Services, Risk Assessment, Breast Screening and Bone Density Testing.
The management and clinical independence of the Sydney Breast Clinic will be unchanged. The Honourable Ron Phillips will continue as Sydney Breast Clinic managing director, and is committed to delivering on its strategic plans over the coming years. On completion, Fermiscan directors David Young and Dr Ron Shnier will join the board of Sydney Breast Clinic.
Fermiscan’s Managing Director, David Young said, “For Fermiscan, the acquisition of Sydney Breast Clinic has a strategic fit that aligns the objectives of both groups to improve health outcomes for women. Sydney Breast Clinic was a major participant in Fermiscan’s successful validation trial. The continued assistance of Sydney Breast Clinic will significantly help the development and commercialisation of the Fermiscan test for breast cancer”.
The agreement to acquire Sydney Breast Clinic is subject to due diligence and board approval. Completion is expected to occur during June, 2008.
 
Some more media exposure yesterday. My wife caught the tail end of a story on one of the morning shows (David and Kim on channel 10 Sydney) on the fermiscan test. Apparently quite a positive piece. Lets hope the "selling" of the test continues in earnest
 
Does any one know how much the Sydney Breast Clinic acquisition cost Fermi?

I understand it is still pending board approval in June, but just curious and hopeful they didn't spend too much.
 
that would be 3.5 mil...
cheap... expensive... don't realy have a clue but it is for sure very possitive as this is like a owned laungh platform; where they can , in this optimised enviroment, control the test.


see page 3 of 4 ( looks like it's most likely in the bag...according man.Dir R.Phillips)

http://www.sydneybreastclinic.com.au/pdf/newsletter_winter.pdf

It is anticipated that the new system will be fully functional by the
end of this year.
These new systems will help us maintain our position as leaders
in Breast Diagnosis” said Managing Director Ron Phillips.
 
Thanks for the info Drasic. I'm also on the fence regarding whether the purchase is cheap or expensive. Not sure if the manufacturer should also be the retailer, but then again, it will certainly guarantee first sales and give good exposure and awareness for others to follow. If the market is waiting for Fermi to prove it's the real deal through commercialization then this is a good way to get the ball rolling.

On a separate note, the other issue affecting the share price is the accuracy results from the trial. I believe the Singapore trial will be completed in the next few months per the last announcement in May. It certainly wouldn't hurt for Fermi to make an interim announcement like they did for the Aus trial, especially if the progress report shows improved accuracy.
 

Drasic,

The only mention of fermi I could find in the newsletter was in regards to sbc being involved in trial. Did I miss something?

Also, I would have thought that fermiscan acquiring a business which presumably makes a profit would have helped the sp in the short term. Any thoughts? Does anyone know the profit history of sbc given they are not a public company?
 
no insite here...

the only thing we know is that sbc has been around for 30 years
so i can only imagine that they would have a possitive turnover

but then again 3.2 milj for a clinic
with.... (info form the sbc website section Staff)

over 30 Breast Surgeons, Radiologists and Breast Physicians working in conjunction with over 30 imaging and administration staff

isn't that cheap??? not to forget all the equipment...

or is fermiscan getting hold of sbc by buying the sbc out of dept ??

i' m sure there will be a good motive behind the acquisition
and with this line of thoughs i will go for ....

it was cheap...good value for strategy
 
Guys I am getting a little impatient with this stock and it's continual sideways and downward movement. I think I need someone to paint me a rosey picture of where a patient investor may see themselves in time.
 
I hear you Shaun. I'm in the same boat. I have also been one of the many loyal and passionate supporters but it's getting harder to stay motivated with the constant negative share price movement, even when it appears good news is released
 
Good article. Thanks for the confidence boost.

Shame the SP is still floundering in the 60c region. The only good news is that its only tiny volume being traded.

I wish the Singapore trial would hurry up or at least announce a progress report (especially if there is good news relating to test accuracy).

Any one heard anything regarding Singapore??
 
Does anyone know the accuracy of the current mammogram technology? Because 69% in a population is not a very good result. This means that 1 in 3 people would be misdiagnoised.
I think accuracy in the health arena is the major concern. Because if someone actually gets a mammogram or a cancer test, it means they are risk adverse and want to ensure with maximal confidence that they do not have the diesease.
Very exciting technology though. Have fermiscan released any indication of how much a test would cost approximately and how this would rate to current mammograms?
 

The accuracy of a mammogram test depends on how good the radiologist is in reading the mammogram. The article below says a radiologist may only get 27 per cent of readings correct and some get 100 per cent.

http://www.stuff.co.nz/AAMB2/aamsz=300x600/4321611a7144.html

I think a key benefit of the Fermiscan test is they can at least offer a consistent level of accuracy.
 
Big thanks to the nob/nobs who pushed us under 60 cents in the half hour before market close!
I don't get why this is continually being sold down. Is FER being shorted or what else???
 
Nice bit of exposure on Channel 7's Today Tonight just now. Hopefully will inject a little more interest for the holders.
 
yes very possive piece of television
showing off it true potential with under 50 year old women and other cultures like muslims....
would be nice to post a link to the actual broadcast but i can't find any
mybe someone has more luck???

very happy with the piece
 
greenaus said:
The link I found is http://au.todaytonight.yahoo.com/article/4715956/health/detecting-breast-cancer-hair
Click to expand...

Good find, I'm so sad that I missed it. Only a matter of time now for the faithful. Here are some important bits I thought.

Expected to be a first line test before mammograms, biopsies and MRI tests, the Fermiscan hair test will be commercialised and made available to Australians as early as the end of this year for about $250.
Click to expand...

 
The other major plus from tonight's broadcast was the fact that future enhancements to the testing procedure would encompass the detection of other cancers, such as bowel cancer, and prostrate ( I think) cancer.

Also, interestingly, the 75 - 80% success rates were more a matter of operator training in the collection of valid hair samples. Meaning that if more care was taken in retrieving non-tainted hair (as in dyed, or treated hair) the accuracy would increase.
 
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