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Post by celo on Mar 5, 2018 16:46:43 GMT -5
seanismorris ... there are three in the Los Angeles area. Can't comment on their financial success or lack thereof. Why is it that they are always closed when someone if the board drops by? Why do they still share an office with some other small business? Their representatives told the board that they found the secret sauce to help their patients stay in range. So why is this not spreading like wildfire? Or is the truth quite simple: Most of the T2 diabetics are too stubborn/dumb/misinformed/undisziplined to help themselves and to be helped? VDEX to me, sounds like a consulting agency. Do A, B, C and D and you will feel better. They really shouldn't need a fancy doctor's office or giant clinic. Most of the consulting could occur over the phone once all the parameters are set for the patient.
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Post by celo on Mar 5, 2018 16:48:22 GMT -5
Say, And why would that be different to VDex ?You just read that this business is not doing stellar and still you go the same path. Why? Investing more into a mediocre market does not make it a better one. TELEDOC. Nice equatable business model pep.
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Post by LosingMyBullishness on Mar 5, 2018 17:02:24 GMT -5
Why is it that they are always closed when someone if the board drops by? Why do they still share an office with some other small business? Their representatives told the board that they found the secret sauce to help their patients stay in range. So why is this not spreading like wildfire? Or is the truth quite simple: Most of the T2 diabetics are too stubborn/dumb/misinformed/undisziplined to help themselves and to be helped? VDEX to me, sounds like a consulting agency. Do A, B, C and D and you will feel better. They really shouldn't need a fancy doctor's office or giant clinic. Most of the consulting could occur over the phone once all the parameters are set for the patient. If I recall it correctly, they stated in the beginning that they planned to have their offices in areas where the patients can drop in easily while going to the pharmacy or their favourite shopping mall. They wanted to create a casual, friendly, patient-centered environment. Sounded great. Some hotline business is new to me and not as convincing. But if the manicure approach did not work, okay.
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Post by sportsrancho on Mar 5, 2018 17:04:55 GMT -5
Say, And why would that be different to VDex ?You just read that this business is not doing stellar and still you go the same path. Why? Investing more into a mediocre market does not make it a better one. VDex has a failed business model. In the beginning they sounded interesting, and the idea seemed sound. But, they had a plan of aggressively opening new locations. Many many months have gone by, and (as far as I know) they never opened a #2. I don’t know why anyone would invest (time or money) in VDex. The is something fundamentally wrong with the VDex model otherwise anyone (Banks, etc.) after reading their business plan, would be throwing money at them. Afrezza has perform miserably to date... you don’t see them have issues raising capital. A failed business model? Have you not read their tweets on this thread? And the owners words when he posted about their 95% retention and protocol? The opening of their newest in New Mexico? In my opinion they have the secret sauce, they have better luck with insurance, they have a great retention rate. They give the person one on one personal attention with dosing and they don’t let go of them until they’ve got it right. Until they are sure they can take the training wheels off. And their tweets indicate more coming soon:-)
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Post by LosingMyBullishness on Mar 5, 2018 17:27:48 GMT -5
VDex has a failed business model. In the beginning they sounded interesting, and the idea seemed sound. But, they had a plan of aggressively opening new locations. Many many months have gone by, and (as far as I know) they never opened a #2. I don’t know why anyone would invest (time or money) in VDex. The is something fundamentally wrong with the VDex model otherwise anyone (Banks, etc.) after reading their business plan, would be throwing money at them. Afrezza has perform miserably to date... you don’t see them have issues raising capital. A failed business model? Have you not read their tweets on this thread? And the owners words when he posted about their 95% retention and protocol? The opening of their newest in New Mexico? In my opinion they have the secret sauce, they have better luck with insurance, they have a great retention rate. They give the person one on one personal attention with dosing and they don’t let go of them until they’ve got it right. Until they are sure they can take the training wheels off. And their tweets indicate more coming soon:-) So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet.
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Post by sportsrancho on Mar 5, 2018 17:29:46 GMT -5
A failed business model? Have you not read their tweets on this thread? And the owners words when he posted about their 95% retention and protocol? The opening of their newest in New Mexico? In my opinion they have the secret sauce, they have better luck with insurance, they have a great retention rate. They give the person one on one personal attention with dosing and they don’t let go of them until they’ve got it right. Until they are sure they can take the training wheels off. And their tweets indicate more coming soon:-) So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet. I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass!
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Post by Deleted on Mar 5, 2018 17:37:25 GMT -5
So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet. I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass! Sports. Haters going hate. Save your energy.
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Post by peppy on Mar 5, 2018 17:38:37 GMT -5
So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet. I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass! do I remember it correctly, is it CVS formulary in California we now can get on? Once on the formulary, Vdex business will pick up.
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Post by LosingMyBullishness on Mar 5, 2018 17:39:26 GMT -5
So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet. I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass! Appreciated. You are busier in this board. Could you refer me to a reference where someone reports on his visit to a vdex office? Honestly, I would love to hear some positive news. But anonymous owners do not count as testimony.
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Post by LosingMyBullishness on Mar 5, 2018 17:43:38 GMT -5
I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass! Sports. Haters going hate. Save your energy. Haters? No, why. Do you only think into two categories: haters vs believers? This is absurd.
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Post by Omega on Mar 5, 2018 17:48:49 GMT -5
A failed business model? Have you not read their tweets on this thread? And the owners words when he posted about their 95% retention and protocol? The opening of their newest in New Mexico? In my opinion they have the secret sauce, they have better luck with insurance, they have a great retention rate. They give the person one on one personal attention with dosing and they don’t let go of them until they’ve got it right. Until they are sure they can take the training wheels off. And their tweets indicate more coming soon:-) So you believe more in tweets than in people visiting closed offices? I recall a guy, who believed that the lights of his car were on because his dashboard told him so despite a clear evidence slightly above his bonnet. Wasn't it a Tweet that your referring to that someone said they visited the closed offices? Yes I agree, some Random Tweet should be ignored.
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Post by sportsrancho on Mar 5, 2018 17:52:34 GMT -5
I’m sorry, could you please produce the person that visited the closest office. Mr. Smart ass! Appreciated. You are busier in this board. Could you refer me to a reference where someone reports on his visit to a vdex office? Honestly, I would love to hear some positive news. But anonymous owners do not count as testimony. You can go into their website and visit the testimonials. www.vdexdiabetes.com/testimonials/
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Post by babaoriley on Mar 5, 2018 17:58:55 GMT -5
VDEX is doing fine from what I hear. And I'm not at liberty to say where I hear it, but I do hear it (I gotta be honest, though, there is some amount of money that I would take in return for telling you, though). They have had some very, very good ideas, and now they have to see if their very, very good ideas, work in the very, very different real world.
I can also say there's some misinformation going on in this thread (kinda like most of the others). Now, is Afrezza flying off the shelves anywhere - no. But VDEX is accounting for its share and beyond that, providing the follow up that is critical for keeping people on. It's my understanding that they even help people to get insurance to cover as much as possible. Seems like a lot of work for any particular patient, but once they learn how to use it, they have a happy and hopefully long time customer - and it boils down to the insurance wars. It's not an easy business for now, if Afrezza ever hits the limelight, I'm sure they'll add to their locations quickly, but it would be imprudent to borrow money, etc., to expand too soon.
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Post by sportsrancho on Mar 5, 2018 18:19:16 GMT -5
Thank you baba:-))
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Post by sayhey24 on Mar 5, 2018 19:00:04 GMT -5
I think opening clinics would be a better use of Mike's new sales guys than waiting 6 months to see an endo who will toss the afrezza info in the trash. In addition to the libre and office visit they can direct supply the afrezza and bill them for cloud monitoring using www2.libreview.com, glooko.com or some other service. Say, And why would that be different to VDex ?You just read that this business is not doing stellar and still you go the same path. Why? Investing more into a mediocre market does not make it a better one. From what I hear VDex is doing pretty well but at this point its on a very small scale. What's missing in the market is a diabetes consulting service working with the PCP's and the future onduo and one drop type virtual clinics. On the onduo side they jump started their business with $250M from SNY plus Google technology. However they do not have and will never have the personal "trust" factor. Someone needs to provide that and it won't be the PCP or the "Cloud". To some degree VDex is providing this service and over time maybe it will grow but they are not providing the remote monitoring virtual clinic. If I remember correctly they were targeting 100 clinics by 2018. They still have 10 months but they are 90+ short at this point. Maybe they had hoped to partner with MNKD at one point but I have no idea. The first I ever heard of them was when Matt P. talked of them so they clearly briefed MNKD prior to opening. They also listed NJ as the initial site so things clearly changed. As far as a mediocre market its currently estimated at $60B growing to $100B 2025. If properly sold afrezza should be the standard of care for most T2s. With Dr. Kendall now on board I think others in the community will also come to that conclusion. Thats at least a $20B market maybe more. Even if they only got 50% of that its still $10B. To capture that its clear the PCP is not currently knowledgeable about diabetes and needs a specialized T2 consultant which the endos are not. The big question is who pays for this consulting? IMO this would be a better use of the MNKD sales $$$ rather than dropping samples at the door. The consulting would provide the human link between the PCP/PWD and Virtual Clinic. Onduo says they get coverage for their virtual service maybe MNKD can partner with them for the "human link".
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