What will money be spent on?

Develops, manufactures and markets a robust line of rapid diagnostic tests that address some of today's greatest healthcare challenges, including HIV and Hepatitis C.

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bluenoser

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What will money be spent on?

posted on Jun 12, 2008 06:49AM

This from the release announcing the $million: "Accelerating our sales and marketing drive in priority markets is key to MedMira's future growth. With this initial financing in place we can move forward to capitalize on the opportunities at hand," said Hermes Chan, president and CEO of MedMira.

Is this what the money is going to be spent on? More sales and marketing drives? And note that he said "initial financing." It suggests more might be available from this investor. Hopefully it will not be needed and S&M can soon be done from cash flow, but it is nice to know that the interest in MIR may be more than the $1 Million.

Cheers,

Bluenoser

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