BrachyTherapy market is projected to be 1 Billion just in US. AMI research initiated coverage on ADMD earlier this year (google "AMI Research on ADMD", you may want to look into their document. They projected 12M for revenue in 2014 with a price target of 0.75.
The people who have called this company a sham are wrong. It is a small start up that has been trying to get started for years. National laboratories and state governments do not work with companies that are not well vetted. It looks like if the FDA deems radio substantially equivalent they can then begin selling it. Hopefully they are doing this because they have the money and plan for marketing and selling it shortly after any such approval.
I am optimistic for relatively quick approval from the FDA without too many requests for additional information from the FDA because they have pulled in people familiar with the process. Not to mention a major insider, Cadwell, has been running a successful (i.e. profitable) medical equipment and software company in the same town as AMIC for decades (Cadwell Laboratories). So hopefully they submitted complete and accurate information, but odds are there will be at least one request for more information because I think government agencies always want industry to jump through at least one hoop. I'm betting March is the earliest we can hope for actual revenues from this. But it could be longer because I have never seen any information on how long it takes to manufacture this 'device'.
That is funny that you mention the Caldwell history. Knowing the "small town" well and Mr. Caldwell's history I have pointed out several times here how important his financial support has been. Yet so many here have discredited it and call the company and its insiders a scam. It goes to show how few out there do DD. Anyways, great post and maybe now that the cat is out of the bag about Caldwell maybe TI will stop their posts of ignorance and start accumulating to lower their $.20 cost basis. :-)
No, that's not a fluff P.R. by any means. It seemed to be very presumptuous, in that the word "when" was used a lot, as opposed to "if". I will admit, I like the optimism in the P.R., although Sunday releases are rare. "WHEN" RadioGel is approved by the all powerful and highly respected FDA, we will see a nice price spike along with articles by Seeking Alpha, medical publications and of course, AMIC. Oh well, so much for me getting blocks of shares under $.05. MDLAND~