Summer street analyst call

[mrhaigs]

There's a call today at 11 am from summer streets science guy. Just saw it on flyonthewall. Can anyone figure out how to listen? These guys were on board with mnkd in June but backed away after data was released in August. If it's negative we may get a price drop.

[vissertrades]

Bart Classen & Summer Street
Classen's Bio:

"Bart has had experience working in both the pharmaceutical and securities industries. For the majority of years from 1991-2005 Bart was a biopharmaceutical consultant/analyst working with the Perceptive Life Science Fund, Paramount Capital Asset Management, and Prudential Securities. The remainder of Bart's time was spent working in the pharmaceutical industry, having started a small biopharmaceutical company in 1991 focused on vaccine and pharmaceutical safety and holding numerous patents on the technology. Bart received his MD from the University of Maryland, his MBA from Columbia University, and performed a three-year fellowship at NIH."

Recall that Joe Edelman's fund (Perceptive) was the big short back in 2007. So Classen's history with DNDN goes way back. And this is the dufus that embarrassed himself at the CMS meeting with his rant about the discredited 30-page immunosuppression FUD. So expect more from Classen and scum like Ryno. These guys are working hard ahead of the NJ approval and CMS announcements. Take advantage of hedge fund subsidized shares if you can.
Once an employee of Perceptive, Classen is now the Chief Scientific Officer for MRIC, the medical research / consulting arm of Summer Street (which appears closely alligned with Perceptive in more ways than one). This guy appears to have a near-winless track record in the world of biomedical research.

Bart Classen, claims that he has blown all his money in legal fees pursuing a fruitless eight-year fixation with "vaccines causing diabetes".
"Unlike the government employees in the 8 years I have worked on
this issue I have not made any money but have spent most of my earnings on
this research." www.whale.to/vaccines/classen3.html
His methodology and / or claims have always been shot down by the DOD, FDA, (e.g. www.fda.gov/ohrms/dockets/dailys/03/jul03/070703/02p-0349-pdn0001-01-vol22.pdf) better-informed peers, or other government Less

[vissertrades]

He's a shorts tool.

[raydonovan]

Remember Classen is the same guy who stated that "there is a real chance" that the FDA won't even accept the Afrezza application for resubmission back in October, though he never explained why that "real chance" existed. That turned out to be a total fabrication. Summer street also put out a note that claiming something was "suspicious" about the Affinity trial data, since secondary endpoints weren't shared. We all know however that no one ever shares secondary endpoints when top line data is released. They tried to imply that there is something wrong with the data. Deerfield however, who actually saw the data, felt it was strong enough to warrant the release of an additional $40MM to Mannkind. And Al Mann himself addressed this in the last conference call by stating they are holding back the data to present at the ADA annual meeting in June. Does anyone believe that they would want to present it at the premier diabetes forum of the year if it was bad?

I think this shows that, in my opinion, Summer Street doesn't have any credibility.

[vissertrades]

Why yes it is the same guy. This "report" coupled with increase in short shares = fear. Hold on tight!

[raydonovan]

Classen actually has a wikipedia entry, and while he's accredited, it's not too positive. He's an 'anti-vaccinationist';

John Barthelow Classen is an American immunologist and anti-vaccinationist. He is best known for publishing research concluding that vaccines, in particular the Hib vaccine, cause insulin-dependent diabetes mellitus,[1] a hypothesis he proposed based on experiments he conducted on mice in 1996.[2] He received his M.D. from the University of Maryland in 1988, his M.B.A. from Columbia University in 1992 and obtained his medical license in October 1997.[3][4] Classen proposes that vaccines cause diabetes by causing the release of interferons, causing an autoimmune state leading to immune-mediated type 1 diabetes,[5] and he is quoted on many anti-vaccine websites, such as that of the National Vaccine Information Center.[6] His work has been criticized by some, such as Amy Wallace, who wrote that the vaccine-diabetes link "...relies on the flawed work of one doctor [Classen], who gathered data on a slew of vaccines and failed to follow standard study protocols. No other study — including those using the same data — could reproduce the results."[7] Studies that have investigated the potential link between vaccines and diabetes include one, published by Frank DeStefano, which "did not find an increased risk of type 1 diabetes associated with any of the routinely recommended childhood vaccines."[8] DeStefano et al. also noted that another study of over 100,000 children examined the potential connection between Hib vaccines and diabetes and found no association between the two.[9] Similarly, the Australian National Centre for Immunisation Research and Surveillance examined Classen's studies and wrote that "Other researchers who have studied the issue have not verified Dr Classen’s findings."[10]

[babaoriley]

"Classen actually has a wikipedia entry, and while he's accredited, it's not too positive. He's an 'anti-vaccinationist'"

Ray, I understand that there are such people as "workaholics," but why would anyone be an "anti-vacationist." Vacations are good for everybody, and provide time to unwind and reflect and for families to bond. Further, with all these confounded mobile devices, well, you can take a vacation, and still keep in touch with work. So there's no excuse at all. I'm going on record right here and now to say that I'm an "anti-anti-vacationist!" Huh? What's that you say? Oh, oh, really, okay, well, never mind.