This gives credibility to SQNM as a long term viable company.
I'm sure CBMX did plenty of DD and was able to take a peek at SQNM's internal financials.
They would not have hooked up with them, it they thought it would drag them down.
Took them long to finally get a partnership done. Did that coding issue speed up things?
Where is SQNM again: "We do not partner". Yet, today they finally partner up. Something tells me, that there ego has been getting hits and finally they realize that partnering up, and sharing costs is not a bad thing.
"Under the agreement, the two laboratories will collaboratively use their respective marketing channels and sales forces to promote the use of NIPT and CMA"
Agreed Benji.. I surmise the ego in the boardroom has been pervasive for a long time. I read "glassdoor" and the employee reviews of SQNM characterize the company like a viper room. Thought that would maybe help (an aggressive startup to NIPT?) but now i wonder if its the ego that got the best of them. I have to say the other message boards where they "means test" the payers and adjust the price as low as $235 to capture market was alarming. The women knew to say - i dont make any money and i have 5 kids therefore SQNM gives the test away for less than cost. This is market penetration? Its more like public policy funded by.. Hmmm.. Me? That #$%$ me off. If I knew I was actually funding low income people to get specialized tests, I would have never bought the shares.