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Post by Deleted on Jan 17, 2016 12:47:21 GMT -5
Does anyone know if there are restrictions as to when MannKind can reduce the price of Afrezza? Or is price being used with insurance companies for better coverage?
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Post by Deleted on Jan 17, 2016 13:03:29 GMT -5
Matt mentioned for they regain control after April 4 but will try before that
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Post by peppy on Jan 17, 2016 16:59:21 GMT -5
Does anyone know if there are restrictions as to when MannKind can reduce the price of Afrezza? Or is price being used with insurance companies for better coverage? Kastanes, you know mankind gets afrezza back on april 4th right?
Until then Sanofi still in control. you know that, because you listened to the conference calls.
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Post by Deleted on Jan 18, 2016 14:27:23 GMT -5
I have heard conflicting information regarding when MannKind can reduce the price. Does anyone know the definitive answer as when the price can be reduced?
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Post by bradleysbest on Jan 18, 2016 14:36:36 GMT -5
Time is crucial as money will be an issue with too much lag time. Cut the price & lets get rid of the surplus of product in Danbury.
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Post by Deleted on Jan 18, 2016 14:40:27 GMT -5
I have heard conflicting information regarding when MannKind can reduce the price. Does anyone know the definitive answer as when the price can be reduced? Matt's response - " Not until Afrezza transitions back to us. But we will try and make it soon " |
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Post by mnkdorbust on Jan 18, 2016 15:07:35 GMT -5
Time is crucial as money will be an issue with too much lag time. Cut the price & lets get rid of the surplus of product in Danbury. As far as i know "surplus" in your comment is pure speculation. I apologize if it's been mentioned by MannKind, Matt, etc. but i haven't heard anything about product surplus other than message boards. That being said...One would suspect there is a surplus. |
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Post by bradleysbest on Jan 18, 2016 16:34:04 GMT -5
Matt mentioned it last week in his JP Morgan address. No speculation....
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Post by mnkdorbust on Jan 18, 2016 16:53:59 GMT -5
Matt mentioned it last week in his JP Morgan address. No speculation.... My apologies and thank you for the additional info. I listened in live but apparently missed it. |
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Post by obamayoumama on Jan 18, 2016 23:10:15 GMT -5
Does anyone know if there are restrictions as to when MannKind can reduce the price of Afrezza? Or is price being used with insurance companies for better coverage? Kastanes, you know mankind gets afrezza back on april 4th right?
Until then Sanofi still in control. you know that, because you listened to the conference calls.
SNY lost exclusive rights to market Afrezza when they gave notice. SNY is no longer calling all the shots on marketing. MNKD is free to market Afrezza how they please. I would guess that MNKD will waste no time in talking to the formularies and getting agreements to remove restrictions and get better placement by lowering the price. |
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Post by peppy on Jan 19, 2016 0:19:23 GMT -5
Kastanes, you know mankind gets afrezza back on april 4th right?
Until then Sanofi still in control. you know that, because you listened to the conference calls.
. SNY is no longer calling all the shots on marketing. MNKD is free to market Afrezza how they please. I would guess that MNKD will waste no time in talking to the formularies and getting agreements to remove restrictions and get better placement by lowering the price. ok, additionally, 12.3 Additional Sanofi Termination Rights.
(a) If, at any time on or after January 1, 2016, Sanofi determines in good faith that Commercialization of Product is no longer economically viable in the United States, then Sanofi may terminate this Agreement in its entirety upon delivery of at least ninety (90) days’ prior written notice to MannKind 12.4 Additional MannKind Termination Right. MannKind shall have the right to terminate this Agreement immediately upon written notice to Sanofi if Sanofi or any of its Affiliates or sublicensees directly, or indirectly through any Third Party, commences any interference or opposition proceeding with respect to, challenges the validity or enforceability of,
www.sec.gov/Archives/edgar/data/899460/000119312514406347/d783199dex101.htm
So obamayoumama just told us, afrezza could sell at two different price points until april 4th depending on which vendor sells the afrezza?
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Post by afrizzle on Jan 20, 2016 20:35:22 GMT -5
I think MannKind should announce future pricing now, or as soon as it's decided
New patients will be on the free samples for a while anyway
The sooner we can remove the obstacles the sooner the growth ramps up
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Post by matt on Jan 25, 2016 15:20:18 GMT -5
I read the contract differently. The black and white says that Sanofi may cancel the contract on 90 days prior notice, which they have done for effect on April 4. Until that time Sanofi must meet all their obligations, but they also keep all their rights under the agreement including the right to set pricing. The following day, April 5, that all changes and Mannkind can do whatever they want with respect to price. In the meantime they could, for example, negotiate a new price to take effect on April 5th so long as they did not prejudice Sanofi's business in any way. At this point, I don't know that Sanofi cares very much so long as they can move their existing inventory without big losses.
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Post by prvs on Feb 6, 2016 15:16:55 GMT -5
I wonder if they can start negotiating with the insurance companies, based on a future price. That would put them ahead of the game. Insurance companies may not be able to offer coverage until the price changes, but the paperwork would be in place so that they could initiate coverage at the lower price when the time comes (April 5 or later). Anyone know someone who works for an insurance company that offers drug coverage?
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Post by patten1962 on Feb 6, 2016 16:07:43 GMT -5
I wonder if they can start negotiating with the insurance companies, based on a future price. That would put them ahead of the game. Insurance companies may not be able to offer coverage until the price changes, but the paperwork would be in place so that they could initiate coverage at the lower price when the time comes (April 5 or later). Anyone know someone who works for an insurance company that offers drug coverage? I don't think mannkind can do anything until Sanofi deal is over. If I am wrong someone correct me. |
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