Originally Posted by
Balance
Useful article which glaringly shows that PEB chose the wrong path, and has no basic understanding of how the medical industry works in the States :
Excerpt from article :
"While CMS is in the best position to address these gaps using the existing CLIA framework, it has shown a reluctance to do so and the FDA has stepped in. Nonetheless, it is hard to believe that the tools available to the FDA are a better fit for the task. While the FDA's goals are admirable in trying to bring regulatory coherence to the genetic testing industry, the FDA is imposing an undue regulatory burden that will change the industry in a way that harms providers and patients while not addressing the greatest problems."
Note that the article was published in 2015 !!!!! Plenty of notice to PEB that they must go the FDA way but what did the clowns do?
PEB sought to circumvent the FDA and has paid the price. Or rather, the audience (shareholder) has been sucking lemons and paying the price.
It's only been in recent months that we have seen only two directors put in some of their own money!!!!!!!