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Timing wise, I think its more likely that ON were the reason pxs had to purchase more stock.
ON launched end of April early May so probably bought the stock in advance of 28/03/24 when we were notified that more stock was being purchased from DSM.
Also, which I find a bit strange, yes ON is an Irish company but they manufacture in Middlesbrough in the UK
https://www.optimumnutrition.com/en-gb/about-us#:~:text=Company%20Owned%20%26%20Operated%20Manufacturing,manufacture%20in%20every%20product%20category.
the US and India.
https://support.optimumnutrition.com/en/support/solutions/articles/80000803077-where-is-my-optimum-nutrition-supplement-manufactured-
Wellsite, not sure what you mean by new batches of FF. As far as I am aware no new batches of FF have been produced and we are still using the remaining stock that DSM held prior to the 1st Jan 2023 transfer of business agreement. This stock was reported to have favorable best before dates due to recent production runs.
"Please note that our Fruitflow+ Omega-3 capsules currently have a Best Before End date of 31 July 2024.
A new batch of Fruitflow+ Omega-3 capsules is currently in production, and the new capsules are due to be available in late June 2024 – at which point this message will be removed."
https://www.fruitflowplus.com/buy/
We know that B-H have applied for "some related product registration applications" along with the health function claim. What we don't know is how many product registrations or what type of products.
Are they planning a big launch single product or could they be planning on adding FF to some of their already big selling products?
My guess would be a mixture of both but although I can see large orders for FF coming our way I don't see B-H firing all their bullets in one go. Or in other words I don't expect them to launch all the products they will have Blue Cap for at the same time.
BWTFDIK :)
Yes a "whim" that has lasted since 2015, cost the said company tens of millions (RMB) in research and development work and waited while the regulations changed to allow for new health claims. All this just so as the company could submit all the data they had gathered to the SAMR the next day on a whim.
Insert puzzled face emoji here.
"Why hasn't there been any update on the blue cap progress"
I would imagine that we won't hear anything significant on Blue Cap progress until the health function claim is accepted by SAMR. IMO both will be accepted ( health function claim and Blue Cap product registration applications) at the same time and then the information will be released.
Again IMO, IF wont know or cant say when that will be.
Snippet.
One out 1 (or 2) in
https://www.hollandandbarrett.com/search/?query=fruitflow
Capital Markets Day
PARIS, JUNE 3RD, 2024
Page 17
Key products
Ingredients, such as Fruitflow®,
OatWell®, resVida®, Reducose®,
ALL-Q™, deliver optimal balance of
microflora in the gastro-intestinal
tract enabling consumers to
perform at their peak, as well as
helping cope with health concerns
such as cardiovascular disease
and weight management
https://www.dsm-firmenich.com/content/dam/dsm-firmenich/corporate/documents/results-center/capital-markets-day-2024/capital-markets-day-2024-hnc-web-version.pdf
If any offer is made then I hope its when we do have a pot to p*** in.
In other word, once revenue is coming our way and we are well in profit.
I doubt B-H would want the whole company anyway. IMO they would only be after the Fruitflow IP.
BWTFDIK :)
Lol Slam. No it wasn't me :)
I would have asked for a time frame.
I must confess though, I did have a link to the/a website that you could submit questions to B-H but unfortunately they made it for registered users only and I couldn't register :(
Here is a Flow Chart of the process.
https://postimg.cc/y3V86Tnc
From here
https://www.cirs-group.com/en/food/products-with-the-new-health-function-claims-are-being-possible-in-china
"On 29 August 2023 it was announced in China that BYHEALTH had submitted: i) the first application under the Implementation Rules, seeking to obtain a new permitted health function claim for foods such as Fruitflow which help to 'maintain normal platelet aggregation function and benefit blood flow health'; and ii) some related product registration applications."
https://otp.investis.com/clients/uk/provexis_plc/rns/regulatory-story.aspx?cid=1569&newsid=1712016
So the New Function AND product registrations.
No mention of product registrations when B-H says "At present, the application materials for this new function have been received. Thanks for your attention." (translated with Babelfish)
So who has received what?
Review center?
SAMR?
By-Health?
After 9 months, surly its got to be passed the review center???????
:)
Q: What is the progress of the new function application submitted by the company last year, "helping to maintain normal platelet aggregation function and beneficial to blood flow health"? What other approval processes are needed for the final implementation? (Source: Shenzhen Stock Exchange Interactive)
A: Hello, investor! According to the Implementation Rules for New Functions and Product Technical Evaluation of Health Foods (Trial), the application process for new functions of health foods and product registration mainly includes receiving materials, technical evaluation and making evaluation conclusions, submitting to the State Administration for Market Regulation, inclusion in the health function catalog, and approval of new function health foods. At present, the new function application materials have been received. Thank you for your attention.
Translating Chinese is never straight forward and doesn't always make sense.
The bit that confuses me is where it says "At present, the new function application materials have been received."
Received? why not submitted? and why not say At present, the new function and health food application materials have been submitted?
So has B-H "received" materials from SAMR regarding the new function (Health Claim) but nothing yet on the health food (products,Blue Cap).
One of the original questions was "What other approval processes are needed for the final implementation"
Where is davidxie77 when you need him :)