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You're not understanding my point. The FDA is run by government employees. Whereas a Self regulating body is not, it's private sector. For example; In my usta line of work, Nuclear worker, we had the Nuclear Regulatory Commission (NRC US Government) and Institute of Nuclear Power Operations (INPO) which was funded by Electric Utility Companies. Although INPO was not the ultimate decision maker, it was staffed by Industry Experts (Subject Matter Experts) such as Engineers, ex-Nuclear Navy, Maintenance Journeyman who can provide quality oversight of Nukes in the USA. It is a "Peer" Organization who's charter it is to improve all aspects of Nuclear Operations and Performance.
The NRC allowed us to Build and Operate Power Plants (NRC License), but INPO added another dimension by conducting performance evaluations on all areas of the Power Plant such as Operations, Engineering, Maintenance and Training. The NRC had review authority over our processes, but INPO provided a deeper dive into those processes and made recommendations on how to improve on those processes.
My point being; the FDA has oversight on the Pharmaceutical Industry, but don't forget the FDA stands for the Food and Drug Administration. A tall order. They need help, as it appears to me IMHO there is no "Peer" (private sector) Organization that I helps to improve the Pharmaceutical Industry. Sure there's quasi groups perhaps IFPMA https://www.ifpma.org/ Who we are: IFPMA promotes sustainable solutions that encourage innovation and improve patients’ health around the world. Blah blah......Or there's the NCBI (National Center Biotechnology Information) https://www.ncbi.nlm.nih.gov/guide/#:~:text=The%20National%20Center%20for%20Biotechnology,Organization%20%7C
These groups say nothing about Peer evaluations. How are these organizations staffed? What kind of credentials and expertise do they provide?
That's all I'm saying, where does the rubber meet the road?
Captain, agree, now you can see where a government run regulatory entity is pretty much useless in today’s world. There is no regulation in the Pharmaceutical Industry. This is very apparent. Either that or they’re bribed to look the other way?
So, the Pharmaceutical Industry doesn’t need a Self-Regulating body? Think again.
Simply put, the Big Pharmaceuticals pay into and provide oversight for existing and especially new drugs approved by the FDA. Let them (BP) fight it out which drugs are going to be marketed and provide justification. Is there honor among thieves?
Raf, sorry to say this, but you're sending a message to deaf ears. The only thing these people understand is lawsuits. Of course then they will tie it up in our court systems for years.
I'm sure many of us wish we would have an answer to all of this. Don't get too stressed out about it, it will all be revealed.
I was close, I was guessing, the guy who sold me the Humana Plan did tell me $160 range.
DAR; ROKU was a good play, it closed Friday at $51.74.
I’m becoming disenchanted with Streaming TV, why? Because any good movies (ad free) cost money to rent. Plus the subscription prices you have to pay for decent shows, sports, movies puts you right back where you started before cutting the cord. There’s so many players in the field it’s really confusing. I’m thinking cable & satellite TV have nothing to worry about. Streaming TV will cut its own throat in the long run. Too greedy.
Yes Libtard, that’s right!!!
Invest; hard to believe but true. Humana has Vascepa at Tier 3. I’ll be paying $70 for a 90 day script. Mail order however. I dropped my BCBS plans, which I was paying $200 a month extra. The gubmint isn’t going to advertise this on a billboard since the gubmint is footing the bill.
I haven’t seen my Medicare Part B premium yet but I was told it’s going to $167 a month?
zman; I saw the keyword: BCBS, are you eligible for Medicare? If so, the Medicare Advantage Plans allow retirees to drop their supplemental plans and just pay one premium per month. It's called a Medicare Part C which covers prescription drugs and additional copays. I know I'm going to hear about it from the naysayers on how I'm taking advantage of the system, but who cares. I've paid my dues so they can stick it somewhere.
I remember buying AMRN shares several months before the Reduce-It results around $3. I would buy like 500 shares every other paycheck. My friends and family thought I was nuts, until the “Big Day” (Reduce-It) results hit the news wires.
Tard
Yes, Las Vegas Raiders, one of the few teams my AZ Cardinals also beat in the last few minutes of their game earlier in the season. Must have been a primer for the other games?
Dar; October 2018 pre-ADCOM (#2), I'd sold AMRN around $17+. Felt like an idiot as AMRN shares kept going to $26. I said don't chase the train as it's left the station. So, I took my profits and bought 10k shares of ROKU (around $40) plus others (NIO EVs, Halliburton, XOM, Schlumberger etc.) So, don't feel so bad, we all make mistakes. Of course this time was when the markets were really humming along. Shoulda, woulda, coulda.
What I don't understand is Washington DC is supposed to have the sharpest minds on the planet, yet we can't seem to control inflation, bull markets and recessions very well.
Between the Covid fiasco and Joe's oil embargo, well, you can see where these brilliant minds have put our economy.
My only advice is to hang in there, Amarin will come back, we just don't know when.
thanks raf
Ram; You have Baker Mayfield now, maybe the weather had something to do with his performance in Cleveland and Carolina? Nice comeback on TNF. What happened to Stafford?
Here's wishing for a better New Year.
Ramfam; Shameful....What do you think of that trade the Broncos made for Russell Wilson $246 million. Broncos are 3-9, I know people in Colorado are fit to be tied. They're going to ask for some of it back. Griner's probably going directly to the nearest Cannabis shop when she gets home. Gonna buy some Gummy bears this time. no more true bud for that girl.
MRM; already bought 2 weeks ago @ 1.12. Just sitting and waiting. Good news about Switzerland, they're flush with cash from the holocaust. Something nobody wants to talk about.
How about that Griner Trade? Something else huh?
Where's Julie Andrews and Christopher Plummer when we really need them? "The hills are alive with the sound of music." I know, the Sound of Music was in Austria. Switzerland is close enough. Now get the Austrians on Vascepa and watch the Germans fold...... :D)
USS Arizona's Mast and Anchor are at the Capital in Phoenix. Someday I'll get to Hawaii.... :D)
I dropped my BCBS plan.
funnygi2 & izzy, too many plans on eHealth, plus nobody home on the phones. deadline was fast approaching (Dec 7th) so had to make a deal. I happened across a Humana Rep today and went with them. $0 deductible, $0 premium. Vascepa is on their Tier 3, Carewell is mail order Pharmacy. Vascepa copay is $75 for 90 days. I'm good with that.
Plus I can cancel my BCBS Supplemental plans which were costing me $200 additional per month. That'll buy a lot of beer and pretzels. Thank goodness for Vascepa and Good Health, I rarely am sick and hardly go to the doctor. Once a year for my annual check-up.
Thanks again for your advice.... :D)
Nuke
North, works for me, thanks.
https://www.escpalumni.org/en/annuaire/recherche
Hopefully the link opens.
I verified that Karim Mikhail had credentials. For obvious reasons the sight protects students.
jasbg; did you not read North's posts? Really, give it a break.
"If we could only dream....".MDCO got a whopping $10B from NVS buyout. MDCO had approximately 79.93 million shares outstanding. The daily high reached $85? The math doesn't seem right? $10b divided by 79.93 = $125. Am I missing something?
https://www.thestreet.com/quote/MDCO
Hi Lizzy, If you don't mind me asking what are Clovers Premiums for Supplemental Insurance? I currently pay about $200 a month for BCBS which includes a drug supplemental. Besides having Medicare Part D.
thanks Lizzy, Clover Health is available in Arizona. :D)
So, for the more informed, which HMO has Vascepa on it’s 2023 Formulary? I’m currently with BCBS and if I need to change plans I have until December 7th….the “Day of Infamy”
A Degree doesn’t mean squat. Bill Gates dropped out of Harvard to concentrate on building his company. Branson, Dell, Diller didn’t get a degree.
Actions speak louder than words.
I switched from Walgreens to CVS about 6 months ago because Walgreens didn’t stock Vascepa.
Now, my questions remain unanswered.
>Did HealthNet cause infringement by approving Generic V for patients with TGs of 150 mg/dl? Evidence seems to point in that direction.
>Did HealthNet in collusion with Hikma cause a loss of revenue to Amarin when it approved the use of Generic V for patients with TGs of 150 mg/dl? Even though Hikma was excused from the complaint? There's the $64 question.
>What is the monetary extent of damages caused by HealthNet? A definite bargaining chip in any settlement agreement.
>What are the insurance company (industry) ramifications?
We're all waiting breathlessly for the news. I apologize for being late to the party and the ensuing discussions. I do understand the need for generics to provide clarification of what "equivalent" means, they're not obligated to do so until someone makes them.
Folks, study the verbiage very closely. A judge could misconstrue the definition of "equivalent to Vascepa." Vascepa is approved for patients with Tgs of 150 mg/dl right? The Generics don't specify a range, they only say it's equivalent to Vascepa. For the 500 mg/dl and above generics are equivalent, a trick of the tongue. The Generics are also very wary of the verbiage used, it would be very hard in court to prove they were prescribing Vascepa for CVD conditions. They just say their product "reduces the risk of..." which for dyslipidemia patients it has been made equivalent by the court. A travesty in itself, but nonetheless a done deal and not necessarily a false assumption.
Hello North, I have a legal question. Is HealthNet libel for damages caused by Hikma’s infringement on Amarin’s patents? I know this has been discussed, I just don’t remember what was decided. TIA,
Nuke
Is Poster X trying to get me to laugh? BTW, you're still on ignore.
Rose; I was referring to the HealthNet "rumor" in case anyone didn't believe Raf's Twitter Post.
To a casual observer without reading Raf's posting it would be a rumor. Of course it's been substantiated that it isn't. Of course the "Fat Lady" hasn't sung yet.....without seeing something published we're all waiting with baited breath. Hopefully, we'll see something on December 16th or thereabouts. :D)
GLTY
Nuke
Rose; I was referring to the HealthNet "rumor" in case anyone didn't believe Raf's Twitter Post.
To a casual observer without reading Raf's posting it would be a rumor. Of course it's been substantiated that it isn't. Of course the "Fat Lady" hasn't sung yet.....without seeing something published we're all waiting with baited breath. Hopefully, we'll see something on December 16th or thereabouts. :D)
GLTY
Nuke
It's been my experience that when a rumor is heard it usually ends up being true. This particular rumor is not that far fetched to think it's a true rumor. A ridiculous rumor would be something absurd like poster X is actually acting civil towards other posters. Something like that.
A rumor with some truth to it is like; Did you hear that Elon Musk is buying Twitter? A ridiculous rumor; Bill Clinton is Gay.
Thanks North, you beat me to it. Raf's post 394576
AMRN up 6%, do you suppose the settlement with HealthNet has leaked?
Thanks Raf; Wow, 2 hrs 48 minutes with no potty break? These folks are dedicated and of course highly paid. For the readers Digest version has anyone time marked the important points?
What clip?
Picked up a few shares today at 1.12. Bargain basement price.