Thursday, August 21, 2014 3:24:39 PM
Reimbursement negotiations for an orphan drug take 6 months according to German sickness funds documentation. Do a search through my posts if you're really interested in finding it. 6 months from late Feb would be late Aug, i.e. imminent. Combined with increased manufacturing capacity specifically mentioned in conjunction with Hospital Exemption as a prime motivator for the recent raise and I'd say that's a pretty plump, non BS catalyst forming right there.
Hey LTT, how much would a company earn if they were granted approval from the PEI to treat all gliomas, newly diagnosed and recurrent in Germany at $75,000/patient? That's over 14,000 cases a year, btw. Let's even be very conservative and assume that penetration is 10% the first year and 25% the next. That's right, $100mm the first year and $250mm the next. How do you think that might affect the pps of a company with a market cap of $400mm?
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