|
Post by lifebreath on Oct 25, 2019 23:16:34 GMT -5
Exactly! Castagna could have grabbed the brass ring by bringing in the UAE deal. It need not have been exclusive which would have left the door open for larger regional partnerships in the future of which, obviously, none have materialized. Or, "as Mike contends, it simply wasn't a good business deal". I suppose it depends on who you believe. From what I've been presented, I've personally no reason to believe Mike and the board were not justified in deciding that the deal was lacking. (Mike previously posted why he / they thought the deal was not in Mannkind's best interests.) Do you mind refreshing our memories as to why the UAE deal was not in the best interest of MNKD? Thanks
|
|
|
Post by mnkdfann on Oct 25, 2019 23:42:53 GMT -5
Or, "as Mike contends, it simply wasn't a good business deal". I suppose it depends on who you believe. From what I've been presented, I've personally no reason to believe Mike and the board were not justified in deciding that the deal was lacking. (Mike previously posted why he / they thought the deal was not in Mannkind's best interests.) Do you mind refreshing our memories as to why the UAE deal was not in the best interest of MNKD? Thanks I remember Mike saying so in a post on this forum, but I do not recall with 100% confidence what his reasons were. Okay, I searched just now and found one of his relevant posts. Rather, I found a post of his that someone quoted, as it appears his original post was deleted. At least, that is how it looks. Anyway, here is the link: mnkd.proboards.com/post/182066The relevant bits are: "The deal in the middle east that we walked away from wasn’t going to generate much value versus distraction/risk due to global reference pricing . There were people trying to put something together with our old CEO again without any financials or a valid partner who distributed pharmaceutical products/ sales reps etc. I wasn’t part of that deal discussion and walked away when I became CEO bc we weren’t confident there were any meaningful financial terms and didn’t feel comfortable with players involved." Like everyone else, I have biases. I suppose if one is biased toward believing what Vdex says, Mike's argument is weak. OTOH, the fact that HfM and crew have aligned themselves with MK (along with other facts) makes me question their business aptitude, at least when it comes to advising what is best for Mannkind.
|
|
|
Post by slugworth008 on Oct 28, 2019 22:36:39 GMT -5
Do you mind refreshing our memories as to why the UAE deal was not in the best interest of MNKD? Thanks I remember Mike saying so in a post on this forum, but I do not recall with 100% confidence what his reasons were. Okay, I searched just now and found one of his relevant posts. Rather, I found a post of his that someone quoted, as it appears his original post was deleted. At least, that is how it looks. Anyway, here is the link: mnkd.proboards.com/post/182066The relevant bits are: "The deal in the middle east that we walked away from wasn’t going to generate much value versus distraction/risk due to global reference pricing . There were people trying to put something together with our old CEO again without any financials or a valid partner who distributed pharmaceutical products/ sales reps etc. I wasn’t part of that deal discussion and walked away when I became CEO bc we weren’t confident there were any meaningful financial terms and didn’t feel comfortable with players involved." Like everyone else, I have biases. I suppose if one is biased toward believing what Vdex says, Mike's argument is weak. OTOH, the fact that HfM and crew have aligned themselves with MK (along with other facts) makes me question their business aptitude, at least when it comes to advising what is best for Mannkind. If it was revenue neutral it was a no brainer IMO as it would have generated interest and buzz around Afrezza - and potentially opened other doors. Another swing and a miss for MNKD - once again IMO
|
|
|
Post by sportsrancho on Nov 1, 2019 20:57:51 GMT -5
|
|
|
Post by mytakeonit on Nov 2, 2019 1:07:50 GMT -5
Pretty old article sports ... but making the shorts feel confident is always a good plan. Just missed hitting a $100k gain today ... not that I'm selling anytime soon. But what the heck ... Think I'll be able to buy several $2.15M houses soon. But, that's mytakeonit
|
|
|
Post by wgreystone on Nov 8, 2019 12:48:12 GMT -5
If MC stays as CEO, next year revenue growth will likely drop below 20%. This year's 40+% revenue growth is largely contributed by cartridge mix change. Next year will not have this factor, and actually cartridge mix may revert back to smaller unit, as MC indicated they will go back to focus on T1D patients. Guess whey they will go back to T1D patients? It must be due to poor retention rate on T2D patients, as most of them are likely new to insulin.
|
|
|
Post by sportsrancho on Nov 11, 2019 15:13:37 GMT -5
Great video from Bill talking about some numbers in New Mexico...
|
|
|
Post by akemp3000 on Nov 11, 2019 15:49:11 GMT -5
I love Bill's entrepreneurial attitude and optimism with his projections and wish VDex success. This video does beg the most obvious question. Have any of the other locations consistently averaged achieving the 20 new Afrezza new users per week that's being projected for this one new location? If not, that's ok but an explanation of the basis for this projection would help his case.
|
|
|
Post by rfogel on Nov 11, 2019 16:16:42 GMT -5
How much does VDEX charge? Are they in any insurer networks?
|
|
|
Post by mytakeonit on Nov 11, 2019 16:20:19 GMT -5
And MNKD's plan to commercialize Afrezza is ... show the endo what it can do ... let them save all diabetics if possible. Same as what VDEX was presented. No one is restricted from selling Afrezza and MNKD doesn't plan on opening clinics.
But, that's mytakeonit
|
|
|
Post by lennymnkd on Nov 11, 2019 16:29:23 GMT -5
On the CC mike did not talk about the opening of the clinics which was mentioned in a previous call / seems like an important direction.. what might that be all about .
|
|
|
Post by cretin11 on Nov 11, 2019 16:32:13 GMT -5
And MNKD's plan to commercialize Afrezza is ... show the endo what it can do ... let them save all diabetics if possible. Same as what VDEX was presented. No one is restricted from selling Afrezza and MNKD doesn't plan on opening clinics. But, that's mytakeonit And MNKD's plan to commercialize Afrezza is... not effective (to put it nicely). mytakeonit, if you're a short then it makes sense that you wouldn't want more VDEX clinics. Because those numbers put forth by Bill are compelling. The retention rate is crucial. MNKD and VDEX, let's work together in a collaborative way that fits under FDA rules and regs.
|
|
|
Post by cretin11 on Nov 11, 2019 16:37:14 GMT -5
I love Bill's entrepreneurial attitude and optimism with his projections and wish VDex success. This video does beg the most obvious question. Have any of the other locations consistently averaged achieving the 20 new Afrezza new users per week that's being projected for this one new location? If not, that's ok but an explanation of the basis for this projection would help his case. Agreed it will be helpful to see numbers from other VCEX locations. However, Bill did explain in the video that this New Mexico location was the first one, and they've had time now to work out the kinks and get enough track record to confidently share the projection. That seems like a reasonable explanation. It would follow then that it's just a matter of time before he can share projections from some of the newer VDEX sites. Definitely looking forward to that, especially if the numbers are as compelling as these from a small town in NM.
|
|
|
Post by mytakeonit on Nov 11, 2019 16:38:47 GMT -5
As I said before, VDEX can open clinics and sell all the Afrezza they want. Make all the $$$ they want. So cretin11 ... are you trying to turn my statements into something else? For what purpose? MNKD's main purpose in life is to put Afrezza out there, besides technospere expansion. There is no working together with any endo in an exclusive environment.
But, that's mytakeonit
|
|
|
Post by cretin11 on Nov 11, 2019 16:50:47 GMT -5
As I said before, VDEX can open clinics and sell all the Afrezza they want. Make all the $$$ they want. So cretin11 ... are you trying to turn my statements into something else? For what purpose? MNKD's main purpose in life is to put Afrezza out there, besides technospere expansion. There is no working together with any endo in an exclusive environment. But, that's mytakeonit Here are your own statements about Bill: "Go or be Gone Bill." "sports ... stay away from this guy or you will also get brain damage." Maybe I misinterpreted those statements. Then again, maybe I'm misinterpreting what you state on your ProBoards profile: "Sentiment: Short Pretending to be Long" My apologies if I did misinterpret those.
|
|