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Hi Silvr and Bagel,
I have gone from thinking that the Wellspring deal was an act of desperation (Bactine? Really?) to thinking that Art P.is the man-of- the-hour that we have believed him to be.
In the conference call he talked about not being able to recruit the workforce he needed in Baudette. Toronto solves that problem.
Enhancing our relationship with IDT Australia by acquiring a company that has an existing partnership with them. Great move that seems to position ourselves to make much more money on, at least, Pindolol.
Tried to find out if Wellspring/IDT was manufacturing Pindolol for any of our competitors under contract. Could not find.
Wellspring also has the tech capability to offer serialization. Look carefully at their website if you haven't yet. We acquired Wellspring for the cost of one year of their revenue. Sounds mutually very beneficial to me! Art mentioned that they have a product awaiting FDA approval. Can't find it. Can you?
I am disappointed with the low pps but I think we just overcame the obstacle that was preventing our growth.Would love to see insiders buying but I plan to be patient.
Best of luck and thanks for sharing on the board. J
Don't understand stock options. Can someone please explain yesterday's transaction? TY.
https://ih.advfn.com/p.php?pid=nmona&article=78265024
FDA will be requiring drug serialization by 11/2018.
https://www.rdmag.com/article/2017/08/experts-comment-fdas-dscsa-serialization-extension-manufacturers-now-have-until-2018
If you haven't already, read about Wellspring's serialization sevices:
http://www.wellspringcmo.com/blog/serialization-what-it-means-for-pharmaceutical-manufacturing
Wellspring was a bargain.
Pure coincidence. No relationship.
Sweet!!!
Mine just showed up in etrade.
Etrade?
For 30 years that big compounding pharmacy was called Abbott.It has only been called Wellspring since it was purchased in 2016.The same name and similar logo intentional for a future transition?
I apologize if this sounds crazy but isn't it a possible outcome for compounded T?
https://www.mercurynews.com/2016/06/03/berkeley-abbotts-compounding-pharmacy-acquired-by-oaklands-wellspring/
Take a look at these two sites, both for companies named Wellspring.
One is the Canadian company that we've recently acquired. The other is a huge compounding pharmacy that serves customers from several states. With all the available designs, colors, logos available, why so similar? Is there a relationship?I will contact them this week:
https://wellspringrx.com/#index
https://wellspringpharm.com
Just noticed this Xyosted product launch job posted on their website. Is it new or has it been there a while? Thanks.
https://www.antarespharma.com/employment
Thanks Silvr. A growing royalties revenue stream was the plan when we sold the asset for so cheap.
How great to see it happening.
Thanks.
Remember that we bought rights to 23 drugs from IDT Australia earlier this year?
In 2016 Wellspring formed a partnership with IDT.
https://www.outsourcing-pharma.com/Article/2016/04/13/WellSpring-Pharma-completes-3m-investment-10m-partnership
Hi Jeff, Wellspring acquisition was announced yesterday for first time with earnings report. Probably planned that way to buffer the numbers. Nice try.
We may recover at least in part with launches next month.
Selling some over-the-counter drugstore items is probably a reliable revenue stream, just a surprising direction. Art mentioned that Wellspring also has drugs that are waiting for FDA approval. If anyone has that info, please post.
Have you seen all the familiar products that you now own? Did you know that Wellspring was acquired as recently as last year by a company called Audax Private Equity before it was just acquired by ANI?
https://wellspringpharm.com
Silvr, Art mentioning Yescarta revenue was a nod to you. Thanks again for letting us know.
You are in good company.
Spray some Bactine on it.
Thanks BB. Painful now but this too will pass. Generic drug prices are under political pressure. Art was smart to move into some over the counter. Bactine, lol. My mother always had some in the medicine cabinet.
Good to hear you're still here!
I thought the conference call was very straightforward.Art mentioned higher legal fees. Acquisitions are expensive.
Really hoping the inside sellers become inside buyers.
We may see insiders buying. That will send a signal.
Agree. Plus strength of Canadian market.
Wellspring sounds like smaller ANI but in location with better access to high skill workforce. Sarasota and just outside of Toronto.
Our first royalties from Yescarta, a BPAX asset!! $900,000 is just a start.
The reduced revenues were from a price drop in Inderol LA. New products next month.
Listening now. Great call. Do not sell. Listen!!
Earnings projections are a mystery this time. Best of luck to all.
Earnings projections are a mystery this time. Best of luck to all.
Jeff, Thanks for weighing in. GLTA.
Thanks Silvr. Lots of elderly are treated for bipolar disorder late in life.
It would be great if a BPAX asset got a little love in the upcoming conference call.
Thanks. I always get a little anxious before ANIP earnings. New drugs, all the new hiring, second shift. Should be good.
Hi RG,
Very good question about short interest rising with increased pps.
I don't know the answer. What are your thoughts on the institutional data that was just released? Thanks.
From etrade:
Q2 earnings are expected to be announced before market hours on 8/3/18Estimates: 1.530 | 1.383 | 1.300 (High | Mean | Low)
Nasdaq site estimates our earnings date as 8/2.
Hi Catty, The drug is called "aspirin and dipyridamole extended release capsules."
https://www.marketwatch.com/press-release/united-states-ftc-approves-final-order-imposing-conditions-on-merger-of-generic-drug-marketers-amneal-pharmaceuticals-llc-and-impax-laboratories-inc-2018-07-11
Silvr, Thank you. I am amazed by what you unearth!