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Post by mytakeonit on Oct 29, 2018 15:41:13 GMT -5
I believe that price will drop when we go international and our volume picks up. If miraculously our volume picks up huge in the USA, then we should see a price drop. 2019 is just around the corner.
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Post by stevil on Oct 29, 2018 19:58:48 GMT -5
Alethea: Wow. I can understand your frustration but your post is way over the top. And a major price reduction would probably destroy the company. Things are looking up. Hang in there. Over the top? I hardly think so. Afrezza is priced like a Ferrari or Bentley.... when it needs to be priced liked a Toyota Corolla... thereby increasing script sales by 5 or 10 times. And the point is cutting the price in half might triple or quadruple the sales. What good is a miracle drug if less than a small fraction of 1% of the people who need it can ever get it. Al said he wanted to help diabetics and the simple reality is that very, VERY FEW are being helped at this ridiculously exorbitant price. To rephrase uvula, what good is it if 0% of the people who need Afrezza get it? If Mike is a man of integrity and means what he says, he's committed to making sure everyone who wants Afrezza will have access to it, unless they are on Medicare, in which case his hands are tied. MNKD is still a bit in survival mode. They can't frivolously waste resources. Every dollar earned now has the opportunity to compound into several later. So being patient now will greatly pay off for multiples more people later when they become more established. I was very critical of the former management team. Mike has impressed me thus far with his ability to do so much with so little. He's got grit and determination and the networking skills to find the right people to get done what he needs done. Don't stop complaining on my accord, but many of the complaints that I read on this board are ill-founded. There are very intelligent and capable people that are being criticized unfairly. If one were to walk a mile in their shoes, they would understand the complexity and difficulty in solving the oft-complained about issues. There are rules to systems- some that should exist and some that shouldn't. In this case, it's unfortunate that Medicare doesn't allow rebates to be used, but they have to protect against fraud. It's sad that there are people and doctors who abuse systems and that a few bad apples spoil the bunch, but when you're as large of an entity as Medicare and it's your job to ensure as many people have access to healthcare as the system can support, they must put rules and regulations in place to protect it. I'd like to encourage you to keep hope, advocate for those who can't (or won't) and be grateful that men like Mike exist who are trying to right some of the wrongs that exist in this world. The story is continuing to improve and what you're pining for will hopefully be available soon. Sorry if it seems like I'm patronizing or lecturing. That's not my intent. Just trying to help give perspective.
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Post by mnkdfann on Oct 29, 2018 20:13:05 GMT -5
Over the top? I hardly think so. Afrezza is priced like a Ferrari or Bentley.... when it needs to be priced liked a Toyota Corolla... thereby increasing script sales by 5 or 10 times. And the point is cutting the price in half might triple or quadruple the sales. What good is a miracle drug if less than a small fraction of 1% of the people who need it can ever get it. Al said he wanted to help diabetics and the simple reality is that very, VERY FEW are being helped at this ridiculously exorbitant price. quote: What good is a miracle drug if less than a small fraction of 1% of the people who need it can ever get it. reply: owning MNKD has been a wake up call. One of the wake ups I have had is this is the way OUR system works. We only realize it now, because it affects us. 'Free for all' (socialised) healthcare versus healthcare 'free for all' (dog eat dog, primarily for profit) model.
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Post by peppy on Oct 29, 2018 20:20:29 GMT -5
Over the top? I hardly think so. Afrezza is priced like a Ferrari or Bentley.... when it needs to be priced liked a Toyota Corolla... thereby increasing script sales by 5 or 10 times. And the point is cutting the price in half might triple or quadruple the sales. What good is a miracle drug if less than a small fraction of 1% of the people who need it can ever get it. Al said he wanted to help diabetics and the simple reality is that very, VERY FEW are being helped at this ridiculously exorbitant price. To rephrase uvula, what good is it if 0% of the people who need Afrezza get it? If Mike is a man of integrity and means what he says, he's committed to making sure everyone who wants Afrezza will have access to it, unless they are on Medicare, in which case his hands are tied. MNKD is still a bit in survival mode. They can't frivolously waste resources. Every dollar earned now has the opportunity to compound into several later. So being patient now will greatly pay off for multiples more people later when they become more established. I was very critical of the former management team. Mike has impressed me thus far with his ability to do so much with so little. He's got grit and determination and the networking skills to find the right people to get done what he needs done. Don't stop complaining on my accord, but many of the complaints that I read on this board are ill-founded. There are very intelligent and capable people that are being criticized unfairly. If one were to walk a mile in their shoes, they would understand the complexity and difficulty in solving the oft-complained about issues. There are rules to systems- some that should exist and some that shouldn't. In this case, it's unfortunate that Medicare doesn't allow rebates to be used, but they have to protect against fraud. It's sad that there are people and doctors who abuse systems and that a few bad apples spoil the bunch, but when you're as large of an entity as Medicare and it's your job to ensure as many people have access to healthcare as the system can support, they must put rules and regulations in place to protect it. I'd like to encourage you to keep hope, advocate for those who can't (or won't) and be grateful that men like Mike exist who are trying to right some of the wrongs that exist in this world. The story is continuing to improve and what you're pining for will hopefully be available soon. Sorry if it seems like I'm patronizing or lecturing. That's not my intent. Just trying to help give perspective. I think afrezza IS the best rapid acting insulin. As much as I like you stevil, I heard you when you typed, "if it isn't covered by insurance, just order the one that is." I would like a physician that cares about me and what I want. To hard? Just trying to give some different perspective.
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Post by stevil on Oct 29, 2018 20:23:36 GMT -5
To rephrase uvula, what good is it if 0% of the people who need Afrezza get it? If Mike is a man of integrity and means what he says, he's committed to making sure everyone who wants Afrezza will have access to it, unless they are on Medicare, in which case his hands are tied. MNKD is still a bit in survival mode. They can't frivolously waste resources. Every dollar earned now has the opportunity to compound into several later. So being patient now will greatly pay off for multiples more people later when they become more established. I was very critical of the former management team. Mike has impressed me thus far with his ability to do so much with so little. He's got grit and determination and the networking skills to find the right people to get done what he needs done. Don't stop complaining on my accord, but many of the complaints that I read on this board are ill-founded. There are very intelligent and capable people that are being criticized unfairly. If one were to walk a mile in their shoes, they would understand the complexity and difficulty in solving the oft-complained about issues. There are rules to systems- some that should exist and some that shouldn't. In this case, it's unfortunate that Medicare doesn't allow rebates to be used, but they have to protect against fraud. It's sad that there are people and doctors who abuse systems and that a few bad apples spoil the bunch, but when you're as large of an entity as Medicare and it's your job to ensure as many people have access to healthcare as the system can support, they must put rules and regulations in place to protect it. I'd like to encourage you to keep hope, advocate for those who can't (or won't) and be grateful that men like Mike exist who are trying to right some of the wrongs that exist in this world. The story is continuing to improve and what you're pining for will hopefully be available soon. Sorry if it seems like I'm patronizing or lecturing. That's not my intent. Just trying to help give perspective. I think afrezza IS the best rapid acting insulin. As much as I like you stevil, I heard you when you typed, "if it isn't covered by insurance, just order the one that is." I would like a physician that cares about me and what I want. To hard? Just trying to give some different perspective. I’m not seeing the conflict you’re describing. Would you want me to prescribe the very best medication that you can’t afford or prescribe something that will allow you to live a high quality of life for several decades that you can afford?
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Post by peppy on Oct 29, 2018 20:40:49 GMT -5
I think afrezza IS the best rapid acting insulin. As much as I like you stevil, I heard you when you typed, "if it isn't covered by insurance, just order the one that is." I would like a physician that cares about me and what I want. To hard? Just trying to give some different perspective. I’m not seeing the conflict you’re describing. Would you want me to prescribe the very best medication that you can’t afford or prescribe something that will allow you to live a high quality of life for several decades that you can afford? I Apologize. I am sorry. please forgive me.
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Post by Clement on Oct 31, 2018 9:54:20 GMT -5
Tomorrow on the conference call, I will be happy if Mike reviews the UTHR deal and states how much money has already been paid. He could then give us an update on the much improved financial situation and how this will impact Afrezza promotion (social media, search, and commercials).
Other exciting things are out there, but in the future: RLS, Biomm, One Drop results, international, SOC, co-promote, another Technosphere in-license.
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Post by dg1111 on Oct 31, 2018 10:24:48 GMT -5
On one of the recent calls, Mike said something along the lines of the recapitalization is completed without needing some dilution. I would love it if he could map out how we are going to get the breakeven cash flow on Afrezza sales and where the funding is coming from along the way. I am not sure he will be able to share the full picture, but I think it would go along way if he can instill confidence in investors that we will get to cash flow positive without or with minimal dilution.
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Post by sportsrancho on Oct 31, 2018 10:33:20 GMT -5
He doesn’t need to install any more confidence in me, I get it, what we need is for Wall Street to get it.
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Post by caesar on Oct 31, 2018 11:17:37 GMT -5
Agreed. For the PPS to significantly increase, Wall Street has to come around. MNKD has to diverging "cults", the ones who believe despite the setbacks, and the naysayers who have everything to lose. We need to get those sitting on the sidelines to become believers.
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Post by rockstarrick on Oct 31, 2018 11:24:27 GMT -5
Agreed. For the PPS to significantly increase, Wall Street has to come around. MNKD has to diverging "cults", the ones who believe despite the setbacks, and the naysayers who have everything to lose. We need to get those sitting on the sidelines to become believers. Oh, when the last penny is made on the short side, Wall Street will be here with bells on to make the $$$ on the way back up. Screaming I told you so, I told you so. This is one of those mnkd long futuristic predictions. ✌🏻😎
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Post by InvesterSam on Oct 31, 2018 12:04:48 GMT -5
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Post by mnholdem on Oct 31, 2018 12:10:08 GMT -5
No significance other than updating the study to "Completed".
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Post by tw12 on Oct 31, 2018 19:48:48 GMT -5
If there were, in fact, such a thing as a financial department store...
“Attention all shoppers! Attention all shoppers! The Mannkind sale will end shortly. Stock no longer will be sold in the Bargain Basement. All sales will be transferred to the main floor.
“We believe the extraordinary efficacy, range, safety, enduring patent protection and general sex appeal of MannKind’s expanding product lines, as well as the high caliber and dedication of its employees, from top to bottom, now warrant this move.
“So thank you very much for your patience and understanding, ladies and gentleman, about the omnipresent dark forces that have been at play in the basement. Their best days soon will be over and the bargain pricing of the last few years should end, inevitably, in, yes, short order.
“Please proceed in a calm and respectful manner, as lack of space on the escalator may well cause a bit of a squeeze.”
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Post by sportsrancho on Oct 31, 2018 20:05:55 GMT -5
If there were, in fact, such a thing as a financial department store... “Attention all shoppers! Attention all shoppers! The Mannkind sale will end shortly. Stock no longer will be sold in the Bargain Basement. All sales will be transferred to the main floor.
“We believe the extraordinary efficacy, range, safety, enduring patent protection and general sex appeal of MannKind’s expanding product lines, as well as the high caliber and dedication of its employees, from top to bottom, now warrant this move.
“So thank you very much for your patience and understanding, ladies and gentleman, about the omnipresent dark forces that have been at play in the basement. Their best days soon will be over and the bargain pricing of the last few years should end, inevitably, in, yes, short order.
“Please proceed in a calm and respectful manner, as lack of space on the escalator may well cause a bit of a squeeze.”
I just had to:-))
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