lotsaluck - I'm there with you. Why is the word "compromise" even in these discussions? The discussion should be strictly about the benefits of Vascepa in combating CVD. If we are talking compromise with the FDA, then the FDA is way off course. The FDA should only be looking at the situation through the prism of public health. When I hear people talk about AMRN management pissing off the FDA, my blood boils. Even if AMRN management is a bunch of a-holes (not saying they are), the FDA needs to be bigger than that.
Completely stunned by today's announcement. I imagine JJ is a lot richer today as no other explanation makes any sense.
No script growth for Vascepa, yet Lovaza TRx was up 15% and NRx up 19%. This continues to disturb me. Vascepa is a superior product. Absent Anchor approval, Amarin needs to dominate the market for the Marine indication. So far, their performance in that arena has been abysmal.
Freak is ever the extreme pessimist, but he has a legit point. FDA is a gov agency. They've got guidelines and "rules" up the wazzu. So many, that even they, themselves, wouldn't be aware of all of them. Don't get me wrong, not trying to cut them any slack. Just the way gov operates (or doesn't operate).
All this latest news is great. But, I'll be surprised if it translates into anything meaningful for Amarin. I mean, OK, so the FDA updates/revises their guidance on SPAs. Unless direct pressure is put on the FDA to rectify the Amarin SPA fiasco, nothing will happen. Never underestimate the incompetence or corruption of government.
Not sure it really matters. Based on the pps, I'm starting to actually believe the party is over. News on the "notes" just a few days after the earnings release and CC says a ton about how non-transparent management is with investors. What else aren't we aware of?
The big money appears to be aware of something as the pps heads to a buck.
I have no axes to grind here at all. Ajax may or may not be correct. The thing I keep thinking is I've seen Lovaza (spelling?) weekly script numbers north of 50,000 on several occasions. If Vascepa is truly superior, and I believe it is, then is it not possible we could attain such lofty numbers? Especially given that we are adding Kowa to the sales force. Or, will our sales force still be a pitance (spelling?) relative to what BP is able to pull off? The demand would appear to be there. So, if we are the superior drug, won't the physicians eventually come to us?
Of course, the cash has to hold out. Maybe one of you smart guys could calibrate me here?
You didn't even attempt to address the comments in my post. No surprise, liberals are not much on dealing with the truth and facts. I guess that is probably one benefit of being a lib. You can live in a fantasy land inventing your own truth and revising history to your liking.
Tell me, what has barry done to cause the stock market recovery? (since you're a lib, I'll give you a hint - it's a trick question). Markets have and always will move in cycles. The only thing under this administration that has helped the market is QE. And, the day will come when we will all pay a big price for that and barry's reckless spending.
Course, no problem for you. You can just re-invent history again and be happy as a clam. (Jeez, maybe I should become a lib. Except I can't. My IQ overqualifies me, I work hard and have a job, and I'm not a racist. Oh well, maybe next year).
Doesn't lie?! What about if you like your health insurance you can keep it? Biggest outright lie any politician has ever told. No doubt you are a lib so let me educate you a little on history. Everyone of your lib heroes was right there with GW saying emphatically that we had to take Saddam out. The difference between them and GW is they didn't have the courage of their convictions. So quit your uneducated GW bashing. Besides, even if you didn't like the guy, is your response to put a former community organizer in office? Who, with no doubt, is one of the two worst presidents we've ever had.
Sorry to go political on a message board. Just hard to stomach liberals bent on ruining this great nation.
You fellas have any thoughts on Local's latest 8K regarding their lending agreement with Square One Bank? Seems they now practically need a note from their mother to borrow money. Square One doesn't seem to have much confidence on Local. That said, I like that the price seems to be holding in the 1.90's. Remember, it closed 2013 at about 1.60.
Is no one out there following this little gem? It's come a long ways over the past year. Recently peaked above 10 only to fall back. But I think it has some legs. Their largest shareholder (Transcosmos) has been buying hand over fist (all the while averaging up). Currently in the 8's is probably a great entry point.
Positive article on SA today. Just reiterated much of what was in the latest corporate presentation, but still positive. Another thing I've noticed is the increase in institutional ownership. Couple that with the latest pps trend and we may be on to something here. Probably still gonna take some time, but heck I've been holding since the last run a few years ago. I can wait a while longer.
I'm in Adamstown MD (6 mi South of Frederick). We got close to 18" so far. Feel your pain. Blew out a disk in my back last Nov. and can't shovel snow or do squat. Live out in the country, so kind of stranded. Anyway, hang tough! I see the long range forecast is for up near 60 next week!!!
Nuts - I think jking and I are on roughly the same page. Bottom line is the FDA is essentially saying that TG levels from 200-500 don't present a health risk. AHA and others are saying they do. Who is correct??? (Forget the specific focus on CVD risk reduction).
Understand the quandry. If that is indeed the case (i.e., no connection in lowering TG w/CVD reduction or anything else), then pressure needs to be put on the AHA and others to drop any recommendations concerning TG levels below 500. It either is or is not a health concern. If levels below 500 present no risk to health, then I'll sell my stock and go home.
Nuts - get your point. So, let's have a label that says something to the effect that "Vascepa is effective at lowering TG levels but there is no guarantee that lowering TG levels will lower your risk of CVD".
It's either that, or pressure needs to be put on the AHA and others to drop their guidelines regarding TG levels (below 500). Can't have it both ways.
Nuts - I don't normally post here. Yea, your correct about TGs above 500. So, what if my levels are 499, 498, 497 . . . Then all is hunky dory?? The point I'm getting at, is this whole situation is completely F'd up. The American Heart Assoc, among other organizations all recommend TG levels below 200 (actually 150) due to risk of heard disease. Twice, mine were over 200 and my Dr about krapped a brick.
So, who's correct here, the FDA or most every other organization? In fairness to the people, if the FDA is correct, then the guidelines need to be revised as the confusion is unacceptable.
Personally, I side with the AHA and others as logic is totally on their side (if their is any truth at all about the dangers of fats in your blood).
Phi - Not sure about the "pay per call". Hopefully there is something to it. But, you're dead on about the "pumpy" messages. Speaking from several years of experience, this outfit puts out more garbage PRs than any I've ever seen. Heck, when Heath breaks wind they issue a PR!
I've enjoyed reading your posts. Thanks. I'm like you Phi, long and stuck. Got stuck when they had their last run in late 2010 (I think?). Made money at the time, but also got greedy. This is one frustrating company. I agree with what you guys have said, management is definitely not high energy. It just galls me to no end that Heath and others have continued to collect bonuses despite the extremely poor performance of the stock.
But, what can you do? I think it's worth holding thru this quarter as often Q4 is the best. Probably not much downside left in the near term (provided Goldman doesn't throw in the towel). Also, I'm curious about the deal with Bing. What will that bring to the bottom line?
Best of luck.
Phi, Thanks for the response. Agree with your take on LOCM. They don't seem to be real high energy to me. Like you I'm on hold status. Got caught with a bag full after their last run (end of 2010 I believe?)
I would sure like to see insiders actually buy some shares. Heath, others have recently touted how they have exchanged bonuses for shares. My response to that is, why on earth are they getting bonuses? Where I come from, bonuses are given for success and performance. LOCM's track record in terms of shareholder value is anything but those things. Not saying they don't deserve a good salary, but bonuses? No, not yet....
PhiThetaKappa and Updated - are you guys real, or robots? Seriously, no offense intended. I've been watching your dialogue on LOCM for a while now. It's the only sensible conversation on this stock I can find on the web (the Yahoo board is full of misfits, looneytoons, and psychos).