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Biotech / Medical : Keravision(kera)

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To: Phil who wrote (317)1/12/2000 11:04:00 PM
From: wily  Read Replies (1) of 338
 
>>If we have a too rapid run-up, you are probably correct about retracing<<

I think this runup fits in that category.

>>As for surprises...well, that is why they are called surprises. No one expects them.<<

I can't argue with that. And one thing I hadn't considered that is being discussed on the Yahoo thread is the possibility of a joint marketing agreement with a big player. The nature of the rise in the stock from 6 to 10, the type of buying and steady advance made me think that something was up. I could be wrong and am actually hoping I am since I sold half at 7 1/2. Could just be the release of pressure from year-end tax selling, etc.

>>Your statement that procedure #s are "bad" is simply incorrect.<<

I guess it depends on your expectations. If you were looking for an increase in procedures per proctored doctor from Q3 you were disappointed. If you were thinking that it is too early to be judging procedure count then it didn't matter.

>>The strain on proctoring is a result of training 600 idocs instead of the anticipated 200.<<

This is also a matter of perspective and expectations. What is being called a "backlog of unproctored doctors" and why is it a problem? And what is the cause?

Is it a problem because you need more practicing Intacs surgeons or because you have a lot of trained doctors waiting to be proctored? Yes, there are a lot of trained/unproctored doctors, but how can they be proctored if they don't have the 5 patients lined up for the proctoring session?

There is anecdotal evidence from one of the doctors on the Yahoo thread that the low procedure rate is causing the bottleneck in proctoring. This doctor had only one patient scheduled and yet KeraVision sent the proctor. This suggests that they are bending their policy at obvious expense and inefficiency since the proctor will have to make possibly several trips to this one doctor to get him proctored.

It is this evidence plus the less than stellar procedure numbers that led me to call them "bad". Maybe I'm extrapolating from too small a base?

wily
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