From the PFE PR:
>>Exubera, one of the most significant innovations in insulin delivery since the introduction of insulin 85 years ago, represents a profound medical advance that offers patients a novel method of introducing insulin into their systems via the lungs. Long-term efficacy and safety data in both type 1 and type 2 diabetes support Exubera as a valuable new option that, when used as directed, could lead to better blood glucose control and potentially reduce the debilitating and costly complications associated with the disease. Exubera was launched in Germany and Ireland in May 2006.
In the U.S., the comprehensive physician and patient education and training program for this landmark innovation in diabetes treatment will begin on July 24, 2006, and will be rolled out in phases. This will include training and demonstration of the proper use of the insulin delivery device and drug for physicians, diabetes educators, and other healthcare professionals. To further support patients and healthcare professionals in the treatment of diabetes and the appropriate use of Exubera, Pfizer is also providing a 24-hour-a-day, 7-day-a-week call center staffed by healthcare professionals.
The manufacturing process for Exubera is extremely complex, and working at production capacity at its manufacturing facilities, Pfizer continues to build inventory. "Our education programs and manufacturing preparations are time- consuming, but we are taking the time necessary to do the job right," said Ms. Katen. "We are working to meet not only initial demand for the medicine, but also continued demand from prescription refills. Earlier this week, we held our nationwide launch meeting with our field force. Initial supplies of Exubera will be available across the U.S. beginning in September." <<
I haven't listened to the CC. NKTR is actually up on the news now. While Pfizer may consider July 24th the launch date, I get the impression most investors equate launch with shipment of first product. Cramer's hedgie network must have been on to some leak (though where that comment about shipment in June came from I can't fathom), hence the weakness up till now, and the recovery on the news.
Edit: My goodness, the IV in the options just spiked. The August 15 puts I sold when the stock was almost a point lower? Same price today, almost 2 points away from the strike. Wasn't like that yesterday.
Cheers, Tuck |
