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Post by sayhey24 on Oct 2, 2018 19:57:06 GMT -5
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Post by peppy on Oct 2, 2018 20:26:28 GMT -5
A few quick takeaways from Mike’s presentation after listening to it. 1. Mannkind is working with a third party to get Afrezza classified as " ultra-acting" (i.e., its own class); 2. Mannkind will receive another $30 million milestone (plus low double digits royalties) on the second drug they are currently partnering with UT; 3. For Tre-T, Mannkind will receive $25 million milestone in 2019 and another $25 million milestone in 2020. 4. Tre-T’s target market is the whole market (inhale, oral and IV) and potentially “ best in class”. 5. Recapitalization is now complete. There will be no major debt due in the next 36 months. 6. Mannkind has prioritized another four drug candidates that will be further developed in the next 12-18 months. Mike also mentioned something about a (drug) launch every one or two years as a goal towards the end of the presentation. 7. One-drop trial results will be available “ shortly”. 8. Since Mannkind signed contracts with two major PBMs in 2018, they are now working to get local coverage and remove prior-authorizations with respect to these PBMs. 9. For Afrezza, there has been consistent growth since Mannkind launch (Jan. 2017) in numbers of writers (600 to 1100), market share (among Afrezza writers from 3.2% to 4.2%) and cartridge units. 10. Note that, since Mannkind has partnered with UT for two Technosphere drug candidates, in the slide listing the five year growth drivers for the company, Mannkind has added Technosphere Platform as the foundation of the growth drivers. It appears the trial results of Tre-T were really a boost of confidence to Mannkind in their belief of the Technosphere Platform’s potential. Mike referred to the reveal of the trial results as a “flip of the cards” (and the cards turn out to be very favorable).  quote: 8. Since Mannkind signed contracts with two major PBMs in 2018, they are now working to get local coverage and remove prior-authorizations with respect to these PBMs.Compound or all, do you recall which two PBMs? Express scripts and cvs? What health insurance policies you they work for? What health insurance plans cover afrezza using express scripts? do I have it correct, for instance kaiser works for blue cross blue shield? |
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Post by sportsrancho on Oct 2, 2018 20:29:53 GMT -5
A few quick takeaways from Mike’s presentation after listening to it. 1. Mannkind is working with a third party to get Afrezza classified as " ultra-acting" (i.e., its own class); 2. Mannkind will receive another $30 million milestone (plus low double digits royalties) on the second drug they are currently partnering with UT; 3. For Tre-T, Mannkind will receive $25 million milestone in 2019 and another $25 million milestone in 2020. 4. Tre-T’s target market is the whole market (inhale, oral and IV) and potentially “ best in class”. 5. Recapitalization is now complete. There will be no major debt due in the next 36 months. 6. Mannkind has prioritized another four drug candidates that will be further developed in the next 12-18 months. Mike also mentioned something about a (drug) launch every one or two years as a goal towards the end of the presentation. 7. One-drop trial results will be available “ shortly”. 8. Since Mannkind signed contracts with two major PBMs in 2018, they are now working to get local coverage and remove prior-authorizations with respect to these PBMs. 9. For Afrezza, there has been consistent growth since Mannkind launch (Jan. 2017) in numbers of writers (600 to 1100), market share (among Afrezza writers from 3.2% to 4.2%) and cartridge units. 10. Note that, since Mannkind has partnered with UT for two Technosphere drug candidates, in the slide listing the five year growth drivers for the company, Mannkind has added Technosphere Platform as the foundation of the growth drivers. It appears the trial results of Tre-T were really a boost of confidence to Mannkind in their belief of the Technosphere Platform’s potential. Mike referred to the reveal of the trial results as a “flip of the cards” (and the cards turn out to be very favorable). quote: 8. Since Mannkind signed contracts with two major PBMs in 2018, they are now working to get local coverage and remove prior-authorizations with respect to these PBMs.Compound or all, do you recall which two PBMs? Express scripts and cvs? What health insurance policies you they work for? What health insurance plans cover afrezza using express scripts? do I have it correct, for instance kaiser works for blue cross blue shield? Anthem and CVS |
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Post by peppy on Oct 2, 2018 20:32:15 GMT -5
that makes sense, united health care has prior authorization on all afrezza.
That would be huge.
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Post by sportsrancho on Oct 2, 2018 20:34:25 GMT -5
that makes sense, united health care has prior authorization on all afrezza. That would be huge. I went and checked so I edited my post. |
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Post by peppy on Oct 2, 2018 20:46:26 GMT -5
help me. there is the insurance plan/company, then there is their pharmacy business manager? ==================================================================== Is OptumRx a prescription supplemental for medicare? Is OPtumRx a pahrmacy business manager? My Wife is getting Afrezza now in her 2nd year through OptumRx and we have UHC Group Medicare Advantage (PPO) plan. It did require PA but her endocronologist was willing to appeal the initial denial and it was approved. No problem getting it since then." yikes, how does it work? |
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Post by brentie on Oct 2, 2018 20:50:25 GMT -5
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Post by peppy on Oct 2, 2018 20:52:23 GMT -5
that makes sense, united health care has prior authorization on all afrezza. That would be huge. I went and checked so I edited my post. thank you sports. Anthem and CVS this anthem website, www.anthem.com has the blue cross blue shield emblem? what is anthem relationship with blue cross blue shield? CVS is a pharmacy correct? Does CVS offer insurance policies? |
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Post by nylefty on Oct 2, 2018 21:21:46 GMT -5
I went and checked so I edited my post. thank you sports. Anthem and CVS this anthem website, www.anthem.com has the blue cross blue shield emblem? what is anthem relationship with blue cross blue shield? CVS is a pharmacy correct? Does CVS offer insurance policies? CVS Caremark is a pharmacy benefit manager. It used to manage the drug plan for my former employer (GE) until GE switched to OptumRx. www.caremark.com/wps/portal
www.marketplace.org/2018/08/24/.../whats-pharmacy-benefit-manger-anyway
Aug 24, 2018 - Pharmacy benefit managers, like Express Scripts, OptumRX and CVS Caremark, are taking a lot of heat for their role in drug prices. We explain ... |
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Post by sportsrancho on Oct 2, 2018 21:21:58 GMT -5
I went and checked so I edited my post. thank you sports. Anthem and CVS this anthem website, www.anthem.com has the blue cross blue shield emblem? what is anthem relationship with blue cross blue shield? CVS is a pharmacy correct? Does CVS offer insurance policies? I used to have anthem insurance, you could get either one, blue cross or blue shield. Both are anthem. I don’t know about CVS. Sounds like they do. Yes it’s a pharmacy that’s all I’ve ever known it to be. We have a ton of them out here. It’s where Tom goes to get his Afrezza script filled for the kids . |
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Post by peppy on Oct 2, 2018 21:37:12 GMT -5
thank you sports. Anthem and CVS this anthem website, www.anthem.com has the blue cross blue shield emblem? what is anthem relationship with blue cross blue shield? CVS is a pharmacy correct? Does CVS offer insurance policies? CVS Caremark is a pharmacy benefit manager. It used to manage the drug plan for my former employer (GE) until GE switched to OptumRx. www.caremark.com/wps/portalWhat's a pharmacy benefit manager, anyway? - Marketplace
www.marketplace.org/2018/08/24/.../whats-pharmacy-benefit-manger-anyway
Aug 24, 2018 - Pharmacy benefit managers, like Express Scripts, OptumRX and CVS Caremark, are taking a lot of heat for their role in drug prices. We explain ...Because I always listen to you nylefty, I believe GE insured themselves. They hired CVS Caremark for their PBM (now OptumRx)? Is there a connection then between CVS Caremark and CVS pharmacies? |
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Post by nylefty on Oct 2, 2018 21:57:46 GMT -5
Hi Peppy,
CVS owns CVS Caremark and all those CVS pharmacies. OptumRx is owned by UnitedHealthCare. Both CVS Caremark and OptumRx manage the prescription drug plans of many other companies.
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Post by tinkusr8215 on Oct 2, 2018 22:19:37 GMT -5
CVS bought Caremark to step in as a PBM and now bought Aetna to step into insurance. So now its one stop shop with pharmacies, minute clinics and claims to save patients $ and plan sponsors $ , but infact will do the opposite .
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Post by peppy on Oct 2, 2018 22:28:53 GMT -5
Hi Peppy, CVS owns CVS Caremark and all those CVS pharmacies. OptumRx is owned by UnitedHealthCare. Both CVS Caremark and OptumRx manage the prescription drug plans of many other companies. thank you. OptumRx (which is not public under this name) Optum Rx Solutions for health plans. www.optum.com/solutions/health-plans.htmlThe Pharmacy Business/Benefit Manager is owned by the health insurer. It seems to me I read/listened , 75% of the PBM business is represented by 3 PBM's? |
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Post by peppy on Oct 2, 2018 22:29:44 GMT -5
CVS bought Caremark to step in as a PBM and now bought Aetna to step into insurance. So now its one stop shop with pharmacies, minute clinics and claims to save patients $ and plan sponsors $ , but infact will do the opposite . you came in handy for once. |
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