Langlui's Big Board and Options Plays

[jaybird249]

APPY +30% to $2.75 7 MM float launching Appendicitis test $1 Billion Market


APPY rose 30% last week to $2.75, but is just starting.
APPY has the potential to rise to $10 + very quickly like ROSG and RPRX:

-7 Million float
-$1.3 per share cash
APPY IS LAUNCHING A PROVEN APPENDICITIS TEST WITH A $1 BILLION WORLD WIDE POTENTIAL MARKET IN EUROPE THIS YEAR, U.S. LAUNCH IN 2013.

The following highlights the market potential of the test:

What is the size of the market for the product?
Over 9 million patients present annually to ERs in the US with abdominal pain. This is the single largest reason for ER visits. We believe that approximately 6 million of these patients would be candidates for our blood test. We have not finalized pricing for the test but we believe pricing will be in the $100 range. When we take into account the international opportunity, we believe the global market size to be in the $1 billion range. QUESTION- What is the status of the product? Answer- In 2011 we completed a 503 patient study across 11 hospitals in the United States. The performance was excellent; the test performed at a negative predictive value (NPV) of 97%. Clinicians have indicated that they would be highly motivated to order a test that performs at this level. Our next step in the US is to complete an FDA pivotal trial which is scheduled to start in Q3 of 2012 and finish in Q1 of 2013. The FDA trial will be very similar in design to the study we completed in 2011. We plan to launch in Europe in Q4 of 2012; there is no requirement for an FDA pivotal trial for European launch