Apr. 16 at 2:24 PM
$QUCY My guess is that Exact Sciences, owner of Cologuard...has now successfully infiltrated/hijacked Mynz in a sneaky effort to shut down their superior ColoAlert product as it was beginning to threaten the VERY profitable U.S. market!
How profitable? Abbot Laboratories just paid
$23 BILLION to acquire Exact Sciences...a company that is expected to generate
$3 billion in revenue this year.
The recent 8K (thanks Rawbinhood), indicates QUCY fired all ColoAlert staff and sold the IP to an Italian firm...which will likely kill it off completely. Either that or the IP will be quietly grabbed up by Abbot at some point.
With BIG money in the Billions at stake, what's a few million to kill your competition? Invested many thousands in MYNZ well over a year ago and have lost over 80% after being very patient with a company whose efforts I believed in.
My real interest is in PanAlert as I've lost many who were quickly taken down by pancreatic cancer. Wonder what will happen with that. FTM.
