Pinned straw:
New member here.
to get the backstory and info on this company I have searched the ticker BIO on yahoo finance, looked for it on SimplyWall Street and then lastly googled “Bio probiotics Australia” to find the company website .. all to no avail.
can you please get me up to speed on where to get background on this company please.
I finally caught up with the $BIO Vision 27 presentation from earlier this week.
The one specific area that caught my attention was Blair's discussion of the French pharmacy market. This gels from my own observations of visits to France over the years, where I have observed French pharmacists personally engaging customers in the store and - from what I could see (with my limited command of French) - actively engaging them in discussions about potential remedies, including things like naturopathy and supplements.
While $BIO will do a year or two of below-the-radar market testing, and therefore it will potentially be 2-3 years before significant sales, the French market is huge and could be a material growth driver in its own right - IN THE SUCCESS case. This is important to my valuation, because although I can easily see ANZ and UKI driving the growth required to achieve the Vision 27 numbers, I am interested in what the continuing trajectory will be in FY27 and beyond. If the EU and Canada start building momentum around that time, and are followed in the fullness of time by the US, then the path for 5-10 years of powerful growth seems plausible, even before we start talking about the broadening of the portfolio.
The other area from the presentation, which was not new information, was the importance of registration in Canada, as a gateway eventually to the US. Approval in Canada, requiring GMP approved facilities, automatically meets the requirements of the US market. In fact, Health Canada approval for non-medicine supplements, is considered a gold standard for the US, and is a level that many foreign manufacturers of supplements are unwilling to attain (according to Blair).
Coming back to France, I asked my BA (Perplexity.Ai) to report on the extent to which French pharmacists are active in advising customers on OTC remedies, including pro biotics. Here's what came back - I've omitted all the sources.
Seems like a good fit for an educated HCP, advising patients on targeted behind the counter products, which was Blair's point.
French pharmacists play a very active and important role in advising customers on over-the-counter remedies and supplements, including probiotics. This is due to several factors unique to the French healthcare system and pharmacy culture.
Key Role of Pharmacies in French Healthcare: French pharmacies, marked by their distinctive green illuminated signs, are ubiquitous and serve as a primary source for health advice and products. Unlike in some other countries, many items that would be available elsewhere, such as aspirin or vitamins, can only be purchased from a pharmacy in France.
Highly Trained Pharmacists: French pharmacists undergo extensive training, requiring six to seven years of university studies in pharmacology, homeopathy, and nutrition. This comprehensive education enables them to provide competent diagnoses and recommendations for many common conditions.
Personal Relationship with Customers: It's common for French residents to be on a first-name basis with their local pharmacist. This personal relationship allows pharmacists to be familiar with their customers' health histories and needs, enabling more tailored advice.
Consultation-Based Service: In French pharmacies, most over-the-counter medicines are kept behind the counter, requiring customers to speak directly with a pharmacist to obtain them. This setup naturally facilitates consultation and allows pharmacists to provide personalized advice on remedies and supplements.
Emphasis on Natural and Alternative Remedies: French pharmacists often recommend herbal or homeopathic remedies, including probiotics. Homeopathy is particularly popular in France, with up to 70 percent of physicians being receptive to it.
Regulatory Environment: The European regulatory framework for dietary supplements, including probiotics, is less stringent than for pharmaceuticals. This places greater responsibility on pharmacists to advise customers on the appropriate use of these products.
While specific data on probiotic recommendations isn't available, the active role of French pharmacists in advising on over-the-counter products and supplements is clear. Their extensive training, personal relationships with customers, and the consultation-based service model in French pharmacies all contribute to their influential role in guiding customers' choices in remedies and supplements like probiotics.
Disc: Held in RL and SM
@mikebrisy I was expecting something a little more explosive/exciting than what really seems to be the packaging up of a group of prior announcements, essentially old news.
However, it all seemed very measured, level headed. A wholistic plan really. Ranging from pushing into new markets and grabbing more of the TAM in Australia, through to addressing potential issues in the supply chain. Overall it seemed to me like it wis all headed in the right direction.
I wonder if something has happened to raise concerns re production in Italy, or does it just make sense to diversify especially as sales increase?