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Brilliant !
I write VASCEPA DAW and 80% of the time it gets rejected I took one of these on - filled out two prior auths both rejected - time about 2o minutes each . Went to external appeal that was about two hours of my time including providing scientific articles writing up this patents case etc . I write approximately 90 Rxs per day - do you think any doc is going to spend two hours to fight this - it costs me $450 per hour to run my office - taking this on costs me $900 or perhaps like the many wonderful patients who hand me their ten page disability 15 page family leave the list goes on and on and on forms and say oh you dont have to fill that out now - oh really so I can fill it our this evening when I have nothing else to do ! OH boy !!!
I use to think that and would try to give them the benefit of the doubt - however several years back I felt that they were in way over their heads - Management has mainly been interested in their own well being and pockets and now grasping at straws. There are two reasons why people are quiet - the first is they know exactly whats going on and dont need to ask any questions - the second is that they are totally clueless and dont know what questions to ask . AMRN sits in the second group. I bought at $4.xx not because of AMRN management - but in spite of it. I believe intrinsic value of stock is at least double. If I can double my money in two years that works fine for me
Pretty much ... but you would have to know what judges are appointed to the case ... unfortunately it is eminently clear - even in the supreme court that people are people and are often blinded by their own value system - it takes an immense logical person to step outside of their own logical framework ... for example let me give you an example to get everyone riled up - look at abortion - I oppose it not based on religious beliefs but rather on scientific logic . If you tell me that its "a person " at 16 weeks but not a person at 15 weeks 6 days 23 hour 59 minute 59 second and 10 billion vibrations of the cesium atom ( atomic time) but then one vibration of the cesium atom later - poof !! it magically turns into a person - well frankly I find that unscientific and I am hard pressed to find a logical way out of that argument - yet we know that the supreme court would divide on political leanings
If generics launch and AMRN wins the rights to REDUCE IT this could be very costly to generic companies. I would think twice about launching ...but if they launch then one has to ask - what do they know or more importantly who do they have in their pocket that makes them so sure ... are the wheels of justice are being greased here ?
My experience is they are converting them en masses about 80% of the time
Somehow we need to get Trump to state its the innovation of biotech that is saving lives ..including his ... and activist judges are killing people by stifling innovation as is evidenced by the AMRN case .... AMRN needs a functioning PR department - they should be:
1.) aggressively placing the TEVA decision into all investor media avenues ( plenty of this can be free - as an article of interest )
2.) At the same time a second prong approach into the general media should be revealing how the stifling of innovation by activist judges will (is) harming many people - this basically places them on notice that the American Public IS watching and is tired of it
Its called basic PR - Thero does not have to do it their PR department can - they should be working with big pharma and all biotechs developing a joint venture all contributing with the specific goal of educating the public ( and by default - judges) as to how biotech research and innovation is leading to better lives and will be totally destroyed if activist judges destroy innovation - this should apply to almost all health care (and other) innovators !!
Sorry will I dont know
par value 0.50
judges eyes will glaze over and to have time off and a cup of coffee just rubber stamp this and say "nope"
Then the patient gets charged $350 per month etc if insured I can give coupon but if mcaid mcare cant.
They do it constantly. I have one case meets all REDUCE IT criteria - DM2 htn HIgh cholesterol male over 40 on statin trig >15o denied - I appealed denied again. I cite REDUCE IT study denied. Now I can do an external appeal with the state. I did this for myself once it took me about 4 hours to compile everything - I requested a one on one with their medical director but as you well know - it costs $450 an hour to run my office I can't spend two hours every day on one of say the 1000 meds I use trying to educate insurance companies - thats the pharmaceutical firms responsibility not mine
Its the insurance companies - once again AMRN has had terrible strategy in prepping them. Most of my rxs are automatically substituted with generic omega 3 - no doc is going to spend hours battling this. This is where a competent and experienced firm would have laid the ground work first with insurance companies prior to educating docs and the public - AMRN spent millions educating docs and the public and then the insurance company blocks the Rx - buffoons
Interesting ..my understanding is that Series A shares usually have anti dilution provisions - so with all the dilution that has gone on over time you are correct the original investment may not have been that significant - chump change for B Bros
So if this board cannot present a cogent unified objection to judge Du but rather is at variance with each other on what is and is not significant and if any of the decision makers read this board - even if one did not understand the science - one would conclude that there is no single central unified theory as the why the decision is incorrect ...
Its getting much worse for me I'd say almost 80% in my area reject the vascepa script ask for a prior auth - most prior auth are not getting approved even though they meet REDUCE IT guidelines less that 20% are filled with brand name - once again AMRN totally dropped the ball in prepping insurance companies
AMRN and their lawyers need to understand that judges dont speak science - they speak legal - dont start with in depth scientific / statistical analysis - their eyes glaze over they shut you out and make a decision on what their gut feels rather than the science - start with basic global concepts then advance into science as you gain interest - you have to set the hook first - then you reel them in so you start with - YOU WERE LIED TO - of course any person at that point is going to ask why do you say that - instant engagement - now start the explanation
INsurances are refusing to cover - much worse now than several months ago - just had rejection on individual who met ALL REDUCE IT criteria
Will LAr - I am going out on a limb here and this is just a guess - I have always felt HDG is simply a persona a cover etc - my guess is he is strongly linked into AMRN in some manner and may actually be a key player - he's left now because he well knows - game over for the most part
Its the insurance companies I warned everyone about this as early as 2018 - and they are still doing it - substituting generic lovaza for Vascepa for a REDUCE-IT indication - in one case I submitted Prior Auth x2 appealed rejected and have requested physician to physician appeal. Total time on this probably over 45 minutes - it costs me $450 per hour to run my office so I have lost about $375 on this process - think any docs are going to do that - you cant and stay in business and insurance companies know it ...
... Dont "play in the scam" unless you are a contrarian -
"playing in the scam" once you realize that you can make money here
That was JUne
ANyone consider a letter to Trump - but here is how to do it - it has to be from a child - say 6 or 7 saying 'Daddy says he will have to work and not spend time with me because people in Washington are confused. He said they gave two opposite answers and we lost all of our money because of that PLease help me Mr. Trump no one else can '
that is true
yes I often participate in those - difficulty is finding MD's knowledgeable on REDUCE IT - most are not -
It would seem so the problem is proving that - the data is just not collected that way
AS I stated previously - If the government were a private entity they would be sued over and over for malpratice - we have one branch of government the FDA saying that CAD protection is not obvious and required millions of dollars of expenditures to prove such - then we have another branch, after this action is taken , saying it is obvious and there was no need for the study (Judge Du etc) - so basically Judge Du etal have more scientific understanding than the FDA ? Did they consult with the FDA as to why they required a study? Wouldn't DD require such ? If it were obvious the FDA should have let AMRN sell the product for CAD protection without a study - they did not - We have one branch of the government blessing the patents ( patent office) and we have another branch (Judge DU and posse) negating them - this action which caused irreparable financial loss would clearly be taken to legal action in the private sector based on conflicting advice from the same entity - THE US GOV.
I am not a lawyer but there is something fundamentally wrong with allowing the government to play this in both directions they cannot argue each way in the logical framework - that is schizophrenic - (this is the type of language that congress needs to hear please do not flood them with statistics etc - they will have no idea of what you are talking about and this shuts them right down )
The number of patients I treat with Vascepa for trigs >500 is minimal - insurance almost always requires generic lovaza first and with respect to trigs alone generic lovaza is far superior ( as I posted many times in the past - for which the savants promptly attacked me within the echo chamber of belief ) . Vascepas clear role is for REDUCE IT Indication - unfortunately once again insurance prep by AMRN has been dismal. I still have Insurance companies trying to substitute Lovaza for vascepa for REDUCE it criteria - ALmost no docs are going to spent the time arguing and educating insurance companies . This is NOT my role its AMRN's and they, as in everything else, are failing miserably at it....
Let it drop - this is the basement - should have gradual rise from here with competent management even if its just selling generic in the US - just remember the old adage buy low sell high - not that complicated - its low - it will be higher in a year - not a day a week or a month
Please insure that this post is understood and utilized by all involved ..it is a rather amazing analysis that leaves one wondering why the US Legal system is so confused - they really need experts advising judges on this matter - MOst judges do not have the scientific background to be making any form of judgement in these arenas ..
https://drive.google.com/file/d/1w26Y0cFHiA5oCRTijyEh_MB8pTQu9hES/view?usp=sharing
IN the past I posted what I was experiencing in the real world --- all of the savants argued vehemently with me many resorting to personal attacks - a post from 2017
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So a cardiologist has no problem with OTC Omega 3 - interesting - confirms what I have been saying and confirms my experience with local cardiologists
Again - recall my original post - even if REDUCE IT Is a success in the general population (which I know you dont believe but I hope it is) insurance companies will default to OTC omega 3
Now if cardiolgists are ok with OTC Omega 3 - what do you think insurance companies who can save millions by doing so are going to do ?
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AMRN is very quiet ... they want you to think they have something "up their sleeve", well they do ..... this is the one thing they are going to do for shareholders .... its not for them ...they have made millions and are set for life - so what do they have up their sleeve for shareholders ? Its called a handkerchief to wipe up all the investors tears ...
Absolutely - they should be showing their confidence by buying shares ad nauseum expecting good price increase in their GIA scheme etc
INteresting perspective ....
Exactly ...
BP isnt going to buy a company that makes a product they can get generically for less ..... hmmm there comes that generic issue again ---seems somewhere in the distant past I hear that warning being sounded amidst the laughter
Well those tweets certainly inform people as to what product they make and how its used ...... I think they are too embarrassed even to mention heir own product ...hilarious ...oh well I was in at $4.xx not much to lose here