Latest Forum Topics / Biosensors | Post Reply |
Is Biosensors a good buy?
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investor
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02-Feb-2008 22:26
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Sine my last post, BIG has survived last week without dropping below the recent support line bordering at around 0.73 cents. Looking at the volume transacted on 22nd jan, 23rd jan, 24th jan, last week totalling approx 60m, the majority of contra players who bought the shares would have come out by yesterday. It looks increasing likely that BIG will hold above current levels (ie at 0.73), and hopfully stay above the recent low of 0.69 cents, which was achieved on dec 18th 2007. On the fundamental front, some facts to get you thinking about the possible revenues that BIG can generate from the CE Mark going forward. Conors Medsystem got the CE mark on 18th Feb 2006. Their Q106 revenue for their DES was US$4.4m (approx 1 and half mths). Their Q206 revenue was US$11.3m and Q306 revenue wasUS$10.7m. THey achieved an average of US$40-45m revenue annualised over a year. In Medtronics last Q307 annoucement, they achieve a revenue of US$80m for their Endeavour stent (just with the CE mark alone), an increase of 10 % Quarter -on- Quarter. Annualised, they are making US$320m per year.. If you were to project the potential revenue for BIG, based on the 2 CE marks that they have got (for themselves and Terumo), It looks likely to come in somewhere in between Conor's lower end of US$40m and Medtronics US$320m. Some facts to set you thinking -Not a call to buy or sell. |
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Pandan
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02-Feb-2008 19:29
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Bengster, Can highlight the Biosensor role or involvement in the article? Thanks. |
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allright
Senior |
02-Feb-2008 16:51
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This last posting is the one reported in Oct 2007. Looks like BIG is far superior. Am surprised you can get all this info and the analyst can't???? |
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bengster68
Master |
02-Feb-2008 14:24
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bengster68
Master |
02-Feb-2008 12:58
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My estimated results for BIG's 3rd quarter FY2008 is US$8m loss. | |||||||||||||
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bengster68
Master |
02-Feb-2008 12:35
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Medtronic wins FDA approval for drug-coated stent CHICAGO (Reuters) - U.S. health regulators on Friday approved Medtronic Inc's new drug-eluting heart stent, the first heart device of its kind to win U.S. approval in about 4 years. Medtronic will join Johnson & Johnson and Boston Scientific Corp as the manufacturers of the only such heart devices -- which pop open diseased heart arteries and deliver medicine to keep them from reclosing -- approved in the U.S. But the tiny wire mesh tubular device that Medtronic calls Endeavor may face a far less welcoming reception from physicians than its predecessors as it enters a market clouded by controversy. The market for the drug-coated variety of stents has fallen from a peak of around $6 billion in recent years over safety concerns about blood clots forming long after implantation in some patients. Medtronic estimates the global market for the devices now stands at about $4 billion. The Minneapolis-based company, which also makes pacemakers and insulin pumps, is billing Endeavor as a safer stent. An FDA advisory panel in October recommended approval of the device, saying it appeared safe and effective based on current data. The panel also recommended the company commit to a large follow-up study to monitor the blood clotting issue. Drug-coated stents were hailed as a major medical advance in 2003, when J&J's device was approved and the newer generation rapidly replaced cheaper and older bare-metal stents in many uses. The popularity stemmed from the drug coating's ability to cut the incidence of reclogging. But the emergence of an increased risk of late-stage blood clotting, known as thrombosis, led some doctors to switch back to bare-metal stents. Still another large study, released late last year, suggested that patients who received drug-coated stents were not more likely to die or suffer heart attacks than those who got bare-metal versions, fanning the debate further. Should clotting, in fact, be less of an issue, then Endeavor might have trouble finding a niche, according to Debbie Wang, a Morningstar analyst. ***(Endeavor has one of the worst short term DES performance) "That kind of cuts the leg out from under Medtronic's whole marketing platform, suggesting that this is the safer stent," she said. "I just don't know there is really a nice niche for the Endeavor stent to slide into." But, she added, having a new device is going to help Medtronic. "Interventional cardiologists tend to be gadget junkies. I'm sure they will be a number of them who are eager to try out this new stent," she said. Medtronic said it will begin selling the Endeavor stent immediately and will ship some 100,000 to U.S. hospitals in the next 30 days. Abbott Laboratories Inc is awaiting an FDA decision for its drug-coated stent, Xience. Analysts expect approval during the second quarter. Mike Weinstein, an analyst with JP Morgan, reckons Medtronic's market share will likely approach 20 percent in the interim period before Abbott's Xience is launched, slipping to the mid-teens thereafter. Medtronic shares were up $1.08 or 2.3 percent to $47.65 on the New York Stock Exchange. *** Wait until late-thrombosis cases start appearing for Endeavor and MDT's whole marketing platform revolving around "safer stent" will collapse. We know Endeavor has the weakest short term DES benefit due to zotarolimus drug having the least drug potency. Endeavor has no other strong performance highlights (no other good selling points) except no media reports on their late-thrombosis so far. If late-thrombosis incidents start appearing for Endeavor, then this DES is even worse than first generation DES like Cypher. Endeavor uses durable polymer after all. With only a few hundred patients with 3 years data with no late-thrombosis and MDT can claim Endeavor is the safest DES around??? We shall wait and see. |
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allright
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02-Feb-2008 12:22
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Thanks Bengster. Looks loke action on Monday...Ayo we break for Chinese New Year on Thursday? Wednesday half day??? | |||||||||||||
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bengster68
Master |
02-Feb-2008 12:12
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When Will Docs Reach for Medtronic?s Endeavor Stent?Posted by Jacob Goldstein
The FDA just greenlighted Medtronic?s Endeavor drug-coated stent. That means there are now three manufacturers (Boston Scientific and J&J are the other two) fighting for a coated-stent market that?s been battered by safety concerns and accusations of over-use. And before you start dividing that battered market by three, recall that Abbott?s probably going to get in on the action shortly, assuming the FDA follows everybody?s expectations and approves the Xience stent. So how will the new stents compete against the old ones? Docs like to stay with what they know ? in this case, JNJ?s Cypher and Boston Scientific?s Taxus stent, Joseph DeGregorio, Director of Interventional Cardiology at Hackensack University Medical Center, told the Health Blog. But the word on the street is that the new stents are easier to put into tight spots, he said. ?A lot of the cases we do are not complicated and you can deliver any stent you want,? DeGregorio said. ?When you?ve had a proven product out there that you?re comfortable with, you?re gonna stick with that.? The new stents may find a sizable foothold in the 20% to 30% of cases where doctors want to put the stent in some especially hard-to-get-to place, according to DeGregorio, who said he has financial ties to all of the stent makers. Because of factors such as the profile of the delivery package, the new stents from Abbott and Medtronic may work better in those cases. ?I have to get my hands on it,? he said of the Endeavor. ?I have to see what I think about the deliverability, which I?ve heard is better? [If] I couldn?t get in a Cypher or Taxus, I might use this stent.? *** Doctors are "keng" kings also. Stent deliverability seems to be the top in their list of considering which DES to use. As long as their angioplasty job is done, any future problems is not the doctor's problems since they did their job already. Blame FDA or the medical device companies if the patients have late-thrombosis problems. All the DESs are approved for use anyway so the doctors will use whichever one that gives them the best "commission/loyalty program" package and ease of performing their surgery job. |
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bengster68
Master |
02-Feb-2008 12:00
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UK agency ends blanket opposition to drug stents
LONDON, Feb 1 (Reuters) - In a change of tack, Britain's healthcare cost-effectiveness agency has proposed that drug-coated stents -- used to prop open clogged coronary arteries -- should continue to be given on the state-run National Health Service to some high-risk patients. The National Institute for Health and Clinical Excellence (NICE) caused a storm last August when it gave an opinion that drug-coated, or eluting, stents were not worth the extra cost compared with older bare metal ones. The final draft guidance issued on Friday, however, states they are suitable for patients who are at higher risk of needing further stents if a bare one were used instead. NICE said more expensive drug stents were appropriate when a coronary artery was less than 3mm in diameter, or the segment of the artery to be treated was longer than 15mm. Such lesions are particularly tricky to treat. The new guidance also states drug stents should only be used if the price difference with bare metal ones is no more than 300 pounds ($595). That could put pressure on prices of some products, since NICE said a sample of prices paid by health authorities in 2007 and 2008 showed the actual cost difference between the two types ranged from 203 to 615 pounds. Drug-coated versions of stents -- tiny, wire-mesh tubes that are inserted into arteries -- are a multibillion-dollar global business for companies like Boston Scientific (BSX.N: Quote, Profile, Research), Johnson & Johnson (JNJ.N: Quote, Profile, Research), Medtronic (MDT.N: Quote, Profile, Research) and Abbott Laboratories (ABT.N: Quote, Profile, Research). But their use has fallen sharply in the past year and a half on concerns they may sometimes cause blood clots. The NICE recommendations could have widespread implications, since the agency has led the world in assessing the value of new treatments and its actions are closely watched by other governments and insurers, particularly in Europe. Since 1999, NICE has been responsible for determining which treatments should be reimbursed on the state health service in England and Wales. Morgan Stanley had earlier predicted a NICE recommendation against using drug stents could trigger a 13-15 percent European price cut, reducing the size of the market by $102 million, or 5 percent in 2008. The new proposals have not yet been issued as guidance to Britain's state health service, and companies and other stakeholders have until Feb. 15 to lodge an appeal. |
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bengster68
Master |
02-Feb-2008 11:56
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Abbott Gains Reimbursement for XIENCE(TM) V Drug Eluting Stent in France Friday February 1, 5:00 am ET ABBOTT PARK, Illinois, February 1 /PRNewswire/ -- Abbott (NYSE: ABT - News) today announced that it has received reimbursement approval in France for its XIENCE(TM) V Everolimus Eluting Coronary Stent System, the first drug eluting stent to demonstrate clinical superiority over another drug eluting stent in a randomized clinical trial.
Recognizing superior clinical results for XIENCE V compared to the TAXUS® paclitaxel-eluting coronary stent system in the SPIRIT II and III randomized clinical trials, the French Health Authority (Haute Autorite de Sante) granted XIENCE V an ASA Level IV medical benefit rating (Amelioration du Service Attendu). This distinction recognizes an improved medical benefit for XIENCE V compared to TAXUS. Abbott's XIENCE V drug eluting stent will become available to all public and private hospitals throughout France in February.
"By awarding XIENCE V reimbursement and a higher medical benefit rating than previous generation drug eluting stent technology, the French Health Authority has recognized that XIENCE V represents an important advancement in treatment," said John M. Capek, Ph.D., executive vice president, Medical Devices, Abbott. "Abbott looks forward to introducing XIENCE V as a new standard of care in the treatment of coronary artery disease to physicians and patients in France." The French Health Authority based its reimbursement evaluation for Abbott's XIENCE V drug eluting stent on the results from three randomized clinical trials: SPIRIT FIRST, SPIRIT II and SPIRIT III. In this SPIRIT family of trials, XIENCE V demonstrated: -- Superiority for XIENCE V compared to TAXUS in the primary endpoint of in-segment late loss at eight months in the SPIRIT III clinical trial, with a statistically significant 50 percent reduction in late loss for XIENCE V. In-segment late loss is a measure of vessel renarrowing. -- An observed 43 percent reduction in major adverse cardiac events (MACE) compared to TAXUS at one year in SPIRIT III. MACE is an important clinical measure of safety and efficacy outcomes for patients, and is defined as cardiac death, heart attack (myocardial infarction or MI), or ischemia-driven target lesion revascularization (TLR associated with symptoms or documented lack of blood supply). -- Non-inferiority to TAXUS with an observed 23 percent reduction in Target Vessel Failure (TVF) for XIENCE V compared to TAXUS in the SPIRIT III clinical trial at one year. Target Vessel Failure is a measure of re-treatment anywhere within the target vessel and includes cardiac death or heart attack. -- Superiority for XIENCE V compared to TAXUS in the primary endpoint of angiographic in-stent late loss in the SPIRIT II clinical trial at six months. In-stent late loss is a measure of vessel renarrowing within the margins of the stent. "The development and availability of new and improved therapies to treat heart disease in France is critical to improving public health," said Marie-Claude Morice, M.D., Institut Cardiologique Paris Sud, Massy, France. "The availability of the XIENCE V drug eluting stent in France is in the best interests of our physicians and patients." XIENCE V was launched in Europe and other international markets in late 2006. XIENCE V is an investigational device in the United States and Japan, and is currently under review for approval by the U.S. Food and Drug Administration. Abbott also supplies a private-label version of XIENCE V to Boston Scientific called the PROMUS(TM) Everolimus-Eluting Coronary Stent System. PROMUS is designed, studied and manufactured by Abbott and supplied as part of a distribution agreement between the two companies. *** It seems that the french are smarter and fairer in giving out reimbursements. They compare each DES's efficacy rather than lumping all the DES as one whole category. |
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allright
Senior |
02-Feb-2008 10:44
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Hahahahaha thats a good one....we end up using our own product???? Then hope they discover elixer of youth.... laughter is the best medicine. Your name makes me very alert and Must try to go to Novena on Monday....Serious ....and to all this is NOT an inducement or attempt to talk about religion. Respect for all race and religion..... | |||||||||||||
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novena_33
Veteran |
02-Feb-2008 06:49
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allright bro... this move too but in the other direction.... now wait for some gd news to move this fellow.... i think we better keep under our pillow or keep it safe.... and dont see this any more... if not sooner or later i also use their product....... |
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allright
Senior |
02-Feb-2008 02:06
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Medtronic Receives FDA Approval for Endeavor® Zotarolimus-Eluting Coronary Stent System New Drug-Coated Stent Offers Excellent Combination of Safety, Effectiveness and Deliverability
Sustained and Consistent Reduction in the Need for Repeat Procedures
Ultimately, the ENDEAVOR clinical program will enroll more than 22,500 patients followed to five years; approximately 16,630 of these patients will receive an Endeavor stent. As a condition of FDA approval, Medtronic will continue its extensive post-market clinical program, which will now add sites in the United States to ensure that at least 5,000 patients are followed to a minimum of five years. In addition, Medtronic will collaborate with the FDA to conduct or participate in a study intended to identify the optimal duration of dual antiplatelet therapy following percutaneous intervention with the Endeavor drug-eluting stent. More information for physicians and patients is available online at www.EndeavorStent.com. About Medtronic Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology ? alleviating pain, restoring health, and extending life for millions of people around the world. Editor's Note: Interviews with physicians and Medtronic executives can be arranged by request. Broadcast-quality video, including soundbites and animation, is available through The News Market, www.thenewsmarket.com/medtronic, and also via satellite, Pathfire and hard copy by contacting Dan Schwartzberg at News Broadcast Network: 212-684-8910, ext. 220; dschwartzberg@newsbroadcastnetwork.com. Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic?s Annual Report on Form 10-K for the year ended April 27, 2007. Actual results may differ materially from anticipated results. - end - |
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allright
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02-Feb-2008 02:02
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Just heard over CNBC- Medtronics gets FDA approval and shares up 3 pc.....Not like in Singapore | |||||||||||||
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allright
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02-Feb-2008 01:57
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Hahaha I like your answer Novena33 |
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novena_33
Veteran |
01-Feb-2008 20:25
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EastWind
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01-Feb-2008 20:11
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Feb. 1 (Bloomberg) -- Microsoft Corp., the world's biggest software maker, made an unsolicited offer to buy Yahoo! Inc. for about $44.6 billion, or $31 a share. The offer is 62 percent more than Yahoo's closing stock price yesterday, according to a Microsoft statement distributed by PR Newswire. Yahoo shareholders can choose cash or stock, Microsoft said. Maybe one day, it will be our turn? |
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cashiertan
Elite |
01-Feb-2008 17:33
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In Spore Tax, Approved R&D will have up to 2 times tax deductible of the amount spend. I am not sure if BIG has their R&D approved. if yes, i am sure their tax deductible for FY 2007 will be alot. | |||||||||||||
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ekekeg
Veteran |
01-Feb-2008 17:11
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These "talents" knew NOT what they were talking. Just look around at their analyses and see how many time they have got it right? They are wasting their company's payrolls and talking nonsense and always false logics. | |||||||||||||
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allright
Senior |
01-Feb-2008 17:00
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Exactly my point. So was surprised when the local analyst from OCBC pointed out that as a result of increased expenditure which might lead conservatively to a loss for 2009, the TP was downgraded . Spoke with my friends who invests in US and they too point out that Research and Development is the key to a successful company especially after the company has received the CE mark, going forward the company will have greater potential if they still have Research ongoing......A company with no R and D may if the product is a good one make profits but most investors interested in the pharmaceutical industry are looking at new products ahead.... | |||||||||||||
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