Dan's questions to APPLIED DNA SCIENCES (APDN) leadership • Q3 2024
Question
The analyst, speaking on behalf of Yi, inquired about the projected number of GMP manufacturing customers by the end of 2024, the pipeline beyond the currently disclosed customers, the expected test volume for the TR8 pharmacogenomic service, and plans for expansion into other states.
Answer
The company clarified that since the GMP facility launches at the end of fiscal 2024, the first GMP manufacturing runs are expected in early calendar 2025, with verbal commitments for about half of the capacity already secured. For the TR8 PGx service, they are initially targeting the concierge physician market in New York to build volume before pursuing larger enterprise contracts in H1 2025. They are also completing registration to sell in 47 additional states, which does not require the same lengthy validation process as New York.