PEB - Pacific Edge Ltd

[CJ]

I must say I am confused by it. It sounds like their first sale. Or maybe the previous sale,a s we know there has been at least one, was a private sale (ie. a home test)

[blakecb]

I've bought more today. I like the announcement - it is a 'ducks in a row' type announcement. Yesterday we heard they have access to docs/patients through their big agreement and today we are told that access is resulting in commercial sales.

Or maybe they thought, hey yesterday was fun, let's try that again.

[blobbles]

I must say I am confused by it. It sounds like their first sale. Or maybe the previous sale,a s we know there has been at least one, was a private sale (ie. a home test)

Most likely yes, home sales as the product is simple and available to all. Someone was posting a personal blog account of an individual who was recovering from bladder cancer (I believe?) who was sending away for CxBladder. Direct to the public is a sales pathway for them.

[False Profit]

BOOM!! They come in with another right hook!


PEB
18/10/2013 12:34
GENERAL

REL: 1234 HRS Pacific Edge Limited

GENERAL: PEB: Cxbladder is Supreme Winner at NZ Innovators Awards

18 October 2013

Cxbladder is Supreme Winner at NZ Innovators Awards

Pacific Edge is the 2013 Supreme Winner of the NZ Innovators Award for
Cxbladder, its novel gene test for the detection and management of bladder
cancer.

The citation for the Supreme Award presented in Auckland last night (17
October 2013) says: "Patient compliance is significantly enhanced with the
easy-to-use, in home or in clinic urine sample system. This detection system
minimises the need to go to a laboratory collection centre or wait to see the
specialist at a time when the cancer can be progressing".

Pacific Edge Chief Executive Officer David Darling says Cxbladder is a quick,
cost effective, non-invasive and highly accurate cancer detection test that
has significant advantages over alternative systems.

"Our focus is on developing systems for the early detection of cancers; early
detection and treatment saves lives. The Supreme Award for Cxbladder is
recognition of the commercialisation of the innovation, science and
technology that has gone into developing this novel biomedical product and
the work of the entire team of scientists, technologists and clinicians who
have been involved in its development, here and overseas."

"Pacific Edge is delighted that Cxbladder has now been launched in the US and
is also available to potential bladder cancer patients in New Zealand and
Australia and soon in Spain, the country with the worlds highest incidence of
bladder cancer."

[zymwh]

I like the way they do it lol...shall buy more today

[geo]

Ellis Bros Stockbrokers. Just sent out a flash on the latest report from Peb, at least one broker firm is following the play that's going on.

[Minerbarejet]

What does this mean to you?
First Commercial Sales Achieved for Pacific Edge's Cxbladder in the USA

Cancer diagnostic specialist Pacific Edge (NZX:PEB) is delighted to announce
that it has completed the first commercial sales of Cxbladder tests
signalling the start of the commercial revenue for the company in the US. The
tests were ordered by US based clinicians and processed in Pacific Edge USA
(PEDUSA)'s custom laboratory in Hershey Pennsylvania.


For a sale to be completed then they have been paid for it. Allowing time for billing and payment the original order and distribution to the clinicians (plural) may have occurred some time ago.
On top of that there would undoubtedly be more tests in the interim required from these same clinicians from new patients presenting with haematuria and monitoring those unfortunate enough to have contracted bladder cancer. Providing of course they are happy with the results.
Ad astra (to the stars)
Miner

[Bobcat.]

For a sale to be completed then they have been paid for it. Allowing time for billing and payment the original order and distribution to the [/COLOR]clinicians (plural) may have occurred some time ago.
On top of that there would undoubtedly be more tests in the interim required from these same clinicians from new patients presenting with haematuria and monitoring those unfortunate enough to have contracted bladder cancer. Providing of course they are happy with the results.
Ad astra (to the stars)
Miner

A sale does not need to be paid for before it is deemed 'complete'. Organisationally, Sales & Marketing are distinct from Accounts Receivable. In fact, Order Fulfilment is also distinct from Sales (i.e. product or service delivery is also unecessary for a sale to be deemed completed).

BC

[Minerbarejet]

A sale does not need to be paid for before it is deemed 'complete'. Organisationally, Sales & Marketing are distinct from Accounts Receivable. In fact, Order Fulfilment is also distinct from Sales (i.e. product or service delivery is also unecessary for a sale to be deemed completed).

BC

That may very well be but the general tone I get from the statement is that it has established a done and dusted deal that has produced revenue and tested all the systems including billing and payment that are all working as planned.

[CJ]

That may very well be but the general tone I get from the statement is that it has established a done and dusted deal that has produced revenue and tested all the systems including billing and payment that are all working as planned.

Could be right as I assume commercial sales would get a monthly invoice with payment due on the 20th of the following.