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Post by ricguy on Jan 5, 2016 16:03:22 GMT -5
Sanofi rep just told me that they had a company teleconference with their reps today, actually 2 teleconferences with the content of both teleconferences being the same. According to that teleconference Sanofi will continue to provide representatives in the field and sampling of Afrezza until April 4. Sanofi will completely turn Afrezza back to Mannkind as of July 4. Not sure exactly what happens between April 4 - July 4. According to the representative they were told during the teleconference that it was Sanofi that terminated the agreement with Mannkind. For many of us that have prescribed Afrezza the biggest concern is whether or not Afrezza will continue to be available for our patients in the coming months. This is what I was afraid of. We are hostage until July And this is also one of the reasons why some of the Docs were hesitant on prescribing this yet until it was on the market for some time, along with the ones who never even heard of it. Sucks for the patients on this that it is helping who are now in limbo. Big Pharma wins again over the little guys.
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Post by Deleted on Jan 5, 2016 16:08:08 GMT -5
Hostage until july but only enough cash on hand till when? I have my math on it and it's not going to last (by my numbers) till july. MNKD needs to fix their balance sheet. It's that serious. Hopefully today's call provides some real guidance and not more hope and prayers.
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Post by Deleted on Jan 5, 2016 16:10:39 GMT -5
Hostage until july but only enough cash on hand till when? I have my math on it and it's not going to last (by my numbers) till july. MNKD needs to fix their balance sheet. It's that serious. Hopefully today's call provides some real guidance and not more hope and prayers. I will listen to the call and make my decision if there is a hail mary play but knowing what I know (Hostage until July) now the stock is done. From April to July SNY will let the scripts fail. Its over.
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Post by harryx1 on Jan 6, 2016 17:33:13 GMT -5
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Post by bill on Jan 6, 2016 18:15:46 GMT -5
Hostage until july but only enough cash on hand till when? I have my math on it and it's not going to last (by my numbers) till july. MNKD needs to fix their balance sheet. It's that serious. Hopefully today's call provides some real guidance and not more hope and prayers. I will listen to the call and make my decision if there is a hail mary play but knowing what I know (Hostage until July) now the stock is done. From April to July SNY will let the scripts fail. Its over. Ridiculous. Since SNY hasn't been trying to sell Afrezza, there's nothing lost when they stop doing nothing. Furthermore, MNKD and Afrezza are not held hostage until July since SNY gave up their exclusivity when they sent the termination. MNKD is free to sell Afrezza in the US via any means they choose at a price of their choice. I wouldn't be surprised if scripts increased during the entire period, particularly if MNKD finds someone to seriously market it via improved web sites, targeted Google / Bing ads coupled with Facebook and social media ad campaigns. Just give the marketer a percentage of the scripts attributable to their campaign and they might even launch it for zero up front dollars.
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Post by Deleted on Jan 6, 2016 18:27:47 GMT -5
I was full meltdown yesterday when I wrote that FYI
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Post by bill on Jan 6, 2016 18:37:13 GMT -5
I was full meltdown yesterday when I wrote that FYI NP. I've dropped into that zone a few times in the last few weeks myself. I think MNKD's got a number of ways to hike themselves out of the ditch, but they need to move quickly and decisively early on until they secure some up-front partnership cash, or get a big uptick in prescriptions from their own marketing, or sell Afrezza in bulk to some non-US country or charitable organization, e.g., Israel, Bill Gates foundation.
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Post by Deleted on Jan 6, 2016 19:07:27 GMT -5
I hate using this word but I HOPE so.
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