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Volume just went from over 150k to over 500k.
I would think the detail terms of the settlement may be sealed.
I would expect the dollar amount will be made to public as it is MATERIAL information.
NOL cannot be transferred if ownership changes.
There is not much to talk about now as there is no meaningful news.
Just keep finger cross & hope one day we wake up there is a settlement no matter what the terms may be.
Good luck to all.
I am with you on this.
I would like to see a settlement first then steps towards manufacture the products (whatever they are) & start selling.
The bleed stops when there is a settlement, of course, a reasonable one perhaps.
Good luck to all.
The key is the settlement.
The way the stock goes, does not seems like a settlement is near .
Good luck to all.
I think none of these matters as long as we get a reasonable settlement with JNJ.
I think if JNJ & DECN settle this, it should include both JNJ patent infringement suit against DECN & DECN anti-trust suit against JNJ.
I have been thinking about the following scenario.
JNJ buyout Genstrip from DECN with a reasonable price & leave the rest of DECN intact.
Whatever it may be, I just hope it happens soon as DECN is running out time & money (my opinion).
Best luck to all longs.
The quiet board may be a good sign of some good things may happen soon .
Even if a settlement is confidential, the term may be kept from public, but the event of a settlement should be a public event.
People should not learn the event through PACER.
I keep telling myself that good things always take longer than expected, sometimes a lot longer.
Good luck to all longs.
I have to admit that I start to worry about DECN ability to survive if not settled soon.
If there is a settlement (pray for it to happen soon), I would hope DECN does not do confidential settlement with JNJ.
I like to know how much money DECN may receive .
Thanks nonsequetor
With this latest order, can DECN sell its test strip?
Someone mentioned in previous posters that DECN can sell the test strip while the legal case is still going through.
Thanks again,
Thanks fuente for posting the info.
Does anyone know what exactly the STAY in the following statement means?
4. The stays previously entered in the 11-4494 Case remain in effect.
Thanks,
My opinion is DECN needs to settle with JNJ so it can move on to run its real business as a real company.
DECN is winning the legal battle with JNJ.
That is clear.
I hope some kind of REASONABLE settlement with JNJ comes soon, either JNJ buys DECN out, or pay a reasonable amount of money then DECN can start sell the strip.
With about 47M share counts, a $50M settlement should get DECN above $1.
Short of a settlement with JNJ, I think SP will linger or even go lower.
If DECN can ink one or more major retailer private label deal & start to make these strip, then the SP will take care of itself as the expectation & current market cap are so low,
Good luck to all,
I hope you are right & I am wrong.
good things always take a lot longer than people expected.
This has been a long time .
Thanks for the clarification.
I think DECN needs to start selling the strip in a major way in order to get the SP up.
Unless JNJ decides to buy DECN out, by winning the JNJ patent law suit, it may not bring significant monetary benefit.
The possible major monetary benefit may come with winning the DECN anti-trust suit but this may take years to materialize.
Thanks for the information.
I assume PMA need to be approved by FDA right?
Does DECN responsible to submit the PMA to FDA or the private label company such as Walmart?
Thanks again,
Good summary Dank.
What is currently keeping DECN selling the strip to major retailers as their own brand?
Are they still under court order cannot sell until the legal issue resolved with JNJ or they just don't have the manufacturing capability?
Thanks,
Harvey leaves the door open of strategic changes by the board.
While we wait for the legal battle to settle, can DECN sell the test strip or manufacture for others as their store brand in a major way?
Thanks,
As a shareholder, I would think any of the following deals are acceptable.
1) a reasonable sum of money from JnJ & keep the right of selling Genstrip.
2) a very large sum of money from JnJ & giving up the right of Genstrip.
The question becomes what will be the figure of money in each case.
JnJ one touch has a very large market share in china (over 50% i believe).
JnJ gives out free one touch meters in a lot cases & in return charges over $40 for a box of 50 test strips (JnJ test strips has the needle with each strip).
I will say that will be largely depends on how well genstrip sells.
If it sells well, DECN will do well in either cases.
Do you have these three companies names by any chance?
Thanks,
Good article, a lot information that I do not know before.
Thanks for posting.
The following line concerns me little.
“LifeScan owns patents that cover the combined use of the meters and the strips and Shasta has tried and failed to file patents for its knock-off Genstrip products.”
Since Shasta does not have patent on GenStrip, there is a potential that other company may follow the same approach to design their own knock-off test strip.
Checked with my friend over the weekend about cost of J&J test strip in China.
The 250 RMB (little over $40) a box of 50 strips includes the needle (50) too.
But I was told that the needle really can be reused & it is unnecessary to use one new needle for each test.
The key is how well DECN can sell genstrip.
If it sells well, share price will take care of itself.
Also it will put a lot pressure for J&J to act.
As long as J&J new meter needs test strip, DECN can always make the new strip, I assume.
In addition, these meters can work for a long time.
There is report that China has close to 10% population with diabetes which is about 100M people.
A friend of mine told me that a box of 50 counts of J&J strip cost about $40 (250 RMB) in China.
If only half of the diabetes population buys one box a year, that is about $2B.
J&J dominate chines market. They give free (almost) for the meter but charge $40 for 50 counts of test strip.
Very good to know.
That will give J&J another incentive to buy DECN.
Thanks,
Does anyone know if DECN has patent for genstrip?
To J&J, the impact to leave DECN alone is probably more than $200M worth of damage.
But the trouble is the current DECN SP will make it a hard sell to J&J shareholders if J&J pays too much.
I would be very happy if it turns out to be 200m+ .
If there is any deal, it has to be a buyout so J&J can keep the price of their combined test strip.
I would guess most likely will be somewhere between $100M to $200M range.
Don't think the test strip alone will be at $30B.
The $30B probably includes the device & others too.
It makes economic sense for J&J to just buy DECN even at 10 times current market value.
But if J&J does buy DECN, does J&J need to honor all the existing DECN market/supply agreement with all retailers?