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Post by uvula on Jan 12, 2017 13:41:48 GMT -5
My takeaway is kind of negative. Matt thinks it will take 3-5 years for sales to take off.
[My view, not anything matt said: ] We have maybe 6 months of money if we coast or less than 6 months if we are conducting studies, etc. We need to get the share price above $1 very soon or we will be delisted. I hope someone can show me I am wrong.
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Post by sophie on Jan 12, 2017 13:42:44 GMT -5
He's getting new funding vs improved balance sheet numbers confused. The point Matt was making is that between cash and forgiven debts, our balance sheet improved by $120 mil, not that we now have an extra $120 mil in cash laying around to spend.
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Post by nylefty on Jan 12, 2017 13:46:09 GMT -5
Somebody said nothing groundbreaking. What would you call bigger sales force working for Mannkind, international markets, label change in Sept., new product development, TV adv. coming, sponsorship of a reality TV show about diabetes where new adv will be used, new digital marketing, and I know that I forgot something. Oh sale of their Calif. property. About $120,000,000 of new funding. Wow. Really good stuff in my opinion! Matt had to be working really hard to get all this in such a short time. Thank you Matt! This is the best news in a long time in my estimation. Agree with almost all of the above, although the 120 million is not "new funding." In any event, I was especially encouraged by the news about the reality TV show...a smart way to deliver a targeted message.
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Post by cjm18 on Jan 12, 2017 13:46:11 GMT -5
My takeaway is kind of negative. Matt thinks it will take 3-5 years for sales to take off. We have maybe 6 months of money if we coast or less than 6 months if we are conducting studies, etc. We need to get the share price above $1 very soon or we will be delisted. I hope someone can show me I am wrong. What did he say about 3-5 years?
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Post by dg1111 on Jan 12, 2017 13:48:46 GMT -5
Is this the first time that they have specifically named countries for international expansion? I know that there was a lot of speculation after the Sanofi deal regarding where would be expanding but seeing names of countries with "filings being prepared" seems further than we've heard in the past.
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Post by uvula on Jan 12, 2017 13:50:29 GMT -5
My takeaway is kind of negative. Matt thinks it will take 3-5 years for sales to take off. We have maybe 6 months of money if we coast or less than 6 months if we are conducting studies, etc. We need to get the share price above $1 very soon or we will be delisted. I hope someone can show me I am wrong. What did he say about 3-5 years? Matt showed a graph with 5 or 6 other insulins (lantis, etc.) showing that all of them took many years before their sales took off. He did not show afrezza sales on the same graph which was probably intentional because afrezza sales are probably so much worse than the other insulins when they were initially launched. Even if afrezza becomes a blockbuster he believes it will take years for it to happen. (He didn't use these exact words.)
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Post by boca1girl on Jan 12, 2017 13:53:54 GMT -5
Agree with your summary, but Afrezza is so different from the other insulins, we would hope/expect that it won't take 3-5 years to blast off.
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Post by mnholdem on Jan 12, 2017 13:54:02 GMT -5
The three brands on the bottom of the legend are the prandial insulin launches.
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Post by madog365 on Jan 12, 2017 13:57:53 GMT -5
The three brands on the bottom of the legend are the prandial insulin launches.
Not the greatest chart considering the afrezza line is invisible
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Post by nylefty on Jan 12, 2017 13:58:00 GMT -5
No, he said no such thing.
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Post by uvula on Jan 12, 2017 13:58:07 GMT -5
nylefty, I never try to be misleading. How would you summarize what matt said about the graph that mn posted? Thank you.
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Post by therealisaching on Jan 12, 2017 14:02:57 GMT -5
Somebody said nothing groundbreaking. What would you call bigger sales force working for Mannkind, international markets, label change in Sept., new product development, TV adv. coming, sponsorship of a reality TV show about diabetes where new adv will be used, new digital marketing, and I know that I forgot something. Oh sale of their Calif. property. About $120,000,000 of new funding. Wow. Really good stuff in my opinion! Matt had to be working really hard to get all this in such a short time. Thank you Matt! This is the best news in a long time in my estimation. That would be me. Items previously disclosed by mgmt:
Bigger sales force working for mnkd Exploring intl markets Working on label change Product dev - epi in the lead Tv adv in 1st half of 2017 Sale of Ca Prop.
There is no new 120MM. The balance sheet has improved & is old news.
What is new is the realty series, new digital marketing hire.
I appreciate what the company accomplished in 2016. I remain concerned about sales & runway.
Matt makes for a good poker player. I hope he has some int'l partnerships lined up for those new markets and that's why he seems confident.
Hope doesnt move the sp however.
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Post by tw12 on Jan 12, 2017 14:06:48 GMT -5
Uvula, if I may jump in, I'd say two things about his summary: he's doing exactly what the title of the slide says, nothing more. And that he misspelled "insulins"...
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Post by tingtongtung on Jan 12, 2017 14:09:25 GMT -5
Sales force as FTE. Didn't he say there will be a 60 day transition period when scripts may dip? Oh man! Another excuse while hoping for best? I really hope this FT sales force makes a much bigger impact..
Anyone know the application process for those 6 countries? Is US FDA approval good enough? May be each process for each country will bump the share price up a little..
Reality show possibly showing Afrezza predominantly (something like that...) may not be that great. Old folks watch these shows? Matt is doing his best, and I'm not faulting him..
Seems MNKD is doing everything they can, just need a little luck??
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Post by therealisaching on Jan 12, 2017 14:09:33 GMT -5
nylefty, I never try to be misleading. How would you summarize what matt said about the graph that mn posted? Thank you. Tend to agree with uvula on this one. I'll split the difference in that it takes 2-3 years to be a break out star.
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