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Re: Stonemoney post# 11171

Tuesday, 11/29/2016 4:16:28 PM

Tuesday, November 29, 2016 4:16:28 PM

Post# of 18268
I was looking back at the transcript from Neo's Q1 2016 earnings call. In that call, Dr. Albitar responded to an analyst's question about the prostate test, stating that he had only 250 samples, but wanted to get the number up to 400-500 before issuing a publication. He further stated that he expected to have it ready before year end. In the most recent earnings call, Mr. Van Oort stated that the prostate test does not use SVM technology. This certainly confused me, but what I'm realizing is that there is likely a scenario in which an SVM-based test was conceptualized, but a different test was ultimately released. This smells pretty rotten to me, since neither Neo nor HDC has issued any commentary to shareholders (or analysts, from what I can tell) about this outcome. The primary question for HDC shareholders, obviously, is whether or not this non-SVM test allows HDC to receive any royalties. If you recall, Neo issued a "soft release" of the prostate test, and the protocols were on their website. For a period of time, the test could be ordered with patient consent, but no billings would occur. Interestingly enough, if you look at Neo's website now, you will see a reference to the Neo LAB Liquid Biopsy, which apparently is commercialized. If you take a look at the requisition form for it, you will see that it contains specific guidelines around billing and payment requirements, which means it is no longer free. So..........unfortunately for us HDC shareholders, the long-awaited test is commercialized, but without any fanfare. And, since the two one-year extensions of the initial agreement have expired, have we been duped? Perhaps HDC management does not think that we're paying attention, but they certainly have an obligation to issue a statement on this ASAP
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