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When NICE ascertains price, is a drug/treatment allowed to be priced higher and NICE only pays what they state?
Meaning if NICE says DCVax is only reimbursed for 150k, can the ultimate charge be 200k and the difference is considered out of pocket or what NICe states is the max it can be charged?
Most likely we close down with a trade after 4:00:00...The MMs never show an uptick post 4:00 as the close, however they do not hesitate to show the downtick as a close.
How about that we close green!!
I can recall ever seeing so many 100 share trades as today. Most likely the bots trading among themselves with some short covering in between.
No buyers (except for the short) and no sellers.
Just need news to drive volume.
Looks like they are happy making a penny spread on the 100 share trades
UPDATE 2-US FDA staff raises concerns on Geron's blood disorder drug
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002722.SZ
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Christy Santhosh and Pratik Jain
Updated Tue, March 12, 2024 at 9:55 AM CDT
In this article:
002722.SZ
+1.24%
(Adds statement from staff reviewers paragraph 5 onwards, analyst comment in paragraph 9)
By Christy Santhosh and Pratik Jain
March 12 (Reuters) - The U.S. Food and Drug Administration's staff reviewers said on Tuesday they were unclear if Geron's blood disorder drug provided a clear benefit to patients in a late-stage trial and raised multiple safety concerns with the treatment.
Geron is seeking approval of the injectable drug, called imetelstat, for treating transfusion-dependent anemia in patients with a group of blood cancers called myelodysplastic syndromes (MDS).
The drug, if approved, will compete with Bristol Myers Squibb's Reblozyl, which has been approved by the FDA for the same disease indication.
Last year in January, Geron CEO John Scarlett told Reuters that the company anticipates a peak market potential of $1.2 billion for imetelstat in the United States and some key EU countries by 2030.
While Geron's drug met the main goal of increasing independence from transfusion at eight weeks in a late-stage study, the FDA's staff said the "clinical meaningfulness" of the data was unclear.
"The general consensus among MDS experts has been that only a 16-week or longer period of transfusion independence is clinically meaningful," the agency's staff said ahead of a meeting of FDA's independent advisers scheduled for Thursday.
The agency said that while the drug is believed to work by treating the underlying cancer, the study did not show a "disease-modifying effect" in either extending survival or helping drive disease remission.
It also highlighted a high rate of low red blood cell count in the late-stage study.
Wedbush analyst Robert Driscoll said it was expected that the briefing documents would lean negative and added that Geron will be able to provide a strong case against the points made by the FDA. (Reporting by Christy Santhosh and Pratik Jain in Bengaluru; Editing by Shailesh Kuber)
Lets see what the advisory committee recommends on Thursday.
Yes, adverse effects were more in treat arm than placebo....means it's working...benefits outweigh risk?
We will learn on Thursday.
Almost two cents spread...What happen to the .0001 spreads?
Most likely late Wednesday.
The MM's are really working it...Raising share price up a few cent to entice sellers...
They are getting desperate...News coming and they know it.
Hopefully we see a close above 0.60
could be....Day 90 is Tuesday and meeting next Thursday and Friday....We could see FOMO happening...
Right now no one is selling but the Algo's and the Algo's and Shorts are the only buyers....The dynamics will change soon.
Wow!!!
The borrowed interest rate at Fidelity dropped a whole % point since Friday. It was 7.25% and is now at 6.25%.
The shorts are not stupid...Thats why we see the fudsters working OT on weekends in an attempt to control the narrative.
It appears there will be more covering this week since next week could be explosive!
Any day now!!
I suppose going after the anti-viral market is why LP used the word...Franchise.
That's my belief.
“unscrupulous players”
Don’t kid yourself!
Yes!! They are everywhere!!!
Look no further then KG!
In the meantime 25% of today's volume happen in just 4 trades
Agreed!
So many options will be available...A great position to be in!
What I don't get, is the fact the MM's/Heggies cannot bankrupt the company (although that was their original intent), so why aren't they covering?
It doesn't seem like we are going lower than .56. They can't be that emotionally tied to hang on for dear life.
Have you figured out what lawsuit it is? I am really curious.
Hopefully, Posner will reference it as one of the justifications to dismiss MTD.
Indeed. I am trying to find out what suit it is....Gamestop/AMC vs. Citadel?
And in what jurisdiction?
Perhaps Laura Posner will reference it in her next filing.
Is this true??? from Stocktwits...regarding another lawsuit that MAY IMPACT OURS....
If what the fudster is saying had any merit, then the recent 10K would have mentioned it, if a potential denial of approval was at stake....based on a "patient" that was given the treatment without their say-so 9 years ago...and coupled with he did not have GBM...Very fishy I say 'ol chap!.
For all of their efforts, the stock is not going down...Most likely buying everything retail is throwing out there.
They need 10's of millions to cover not 10's of 10's!
Couldn't happen to a "nicer" bunch!!
I can hear it now....The infamous 7 saying (on a conference call)...How in the hell did this piece of shxt company accomplished all of this??....We need to cover soon and fast because our losses here will be far greater than what happen to us on GameStop!
The supply chain issues WILL improve...Because there is money to be made to improve them!
Money is the motivator!!!
I wonder if that 100,000 block at .57 is a spoof by CTSI?
One would think, if they had half a brain, they would attempt to cover ASAP...Perhaps the is what is going on.
Odd trading...lots of big blocks
Let's see if that block is pulled as we get closer to the close...we may have a positive day after all.
It is a signal to buy and that is exactly what I did today.....I added yet again...My kids also have added significantly!
Last call for the .56xxxxxxxx
This will be a great month!!