Am I to understand that you are enquiring about IXu -I have no connection to the promoter holding reduced story
The way I read IXu release: It is a message being sent to USFDA saying that their product , if not superior to current approved Female Health product is as good as their product. If they get approval , it is positive for Cupid -either Cupid could step in from contract manufacturing of view or Cupid could possibly get a quicker approval as their products are similar(when IXu product gets approved).
Like I indicated earlier , I did not scribe the promoter’s holding reduced…
Discl: No holdings in Cupid