Replies to post #18659 on Positron Corporation (POSC)

[robertbtd]

Sorry Jacker, I'm not in the imaging industry.

“You are still getting your monthly generator from Bracco, right Robert?”

In fact, I'm not now or ever have been in the medical industry in any way. Since you mentioned monthly generator deliveries, I've read about a law suit filed against Bracco in September of 2013. It involves an imaging company that signed on as a new Cardiogen-82 customer in 2012 and was scheduled to start receiving deliveries in October, 2012. As of Sept. 2013 they had not received any generators. So I guess you may be right that Bracco has signed up new customers, they're just not delivering generators to them.

“Bracco has created the industry”

Bracco purchased the Cardiogen-82 generator from Bristol Myers Squibb Medical Imaging around 1995. The SR-82/RB-82 geneartor was developed by Los Alamos together with BMS.

“If you take a look at Bracco's portfolio you will see that Rubidium is not their main offering by far.”

I understand that. It's also what disturbs me the most. It is a small revenue stream relatively speaking, and is 100% outsourced. With the accelertaors, GE Healthcare and Nordion doing all the work, Bracco just collected their licensing revs and were quite happy. Even to the point that they reportedly supplied calibration sheets to an imaging clinic to extend the use of of the generators to 42 days in Feb. 2011, months before the recall.

“I am guessing that Bracco, like the rest of the industry was hoping that Positron would come through with the 70 mEv they proposed in 2011 to be operational next year to help with the supply issue,...”

As you just pointed out, Positron's cyclotron would not have been operational until at least next year at the earliest. Yes that has been disapointing, but in no way does it have any effect on what has transpired bringing the generator back up to speed. This slow drawn out reintroduction, must be instilling a negative attitude towards this industry.

“...to be in a meeting with DraxImage and industry leaders at the most recent ASNC and they are confident they can increase generator opportunities at some point in 2014...”

With Draximage, announcing generator availability in 2014, and the poor way that Bracco has performed over the last 3 years, I just don't see how Bracco will attract new customers, let alone, keep existing ones.

“...I look forward to the revenues Positron has promised in Feb this year from isotope sales. “

I saw no promise of revenues in February, what I remember reading is “commercially available in March”

Robert