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Biotech / Medical : ProMetic Life Sciences -- Ignore unavailable to you. Want to Upgrade?


To: Leo Fisher who wrote (61)2/1/2017 5:37:43 AM
From: axial  Respond to of 250
 
Hi Leo -

"Hematech most likely did not meet the strict manufacturing standards set in the “CMO relationship” instead of facing fines etc. they settled for some stock and a little royalty. ADMA had this issue with RI002 the "FDA identified in the CRL certain outstanding inspection issues and deficiencies at ADMA’s third-party contract manufacturers, including its contract drug substance and product manufacturer, its contract fill and finisher and compliance issues with a third-party contract testing laboratory, and requested documentation of corrections for a number of those issues." I am guessing that is what PLI is trying to avoid during the BLA. From what I gather when it comes to the Plasma business purity and cleanliness is key."

— Good points. The Hematech development has been obscure for a couple of years now. I've seen a few (hypothetical) explanations, but as usual there's no certainty. From my POV, don't really care "why" -- just want the matter resolved. That appears to be the case.

"Lock up on shares?"

— Could you restate? Not sure I understand the question.

" "Scuttlebutt" tells me that marketing/sales cost for these things are low due to the small number of patients PLI quotes 1.6 per 1million for Type 1 deficiency; not really to sure on the plasminogen diabetic wound healing, although if it works how much marketing does it need? Use this or lose your leg; not a hard sell. I don't recall management talking margins; does anyone else recall? I haven't had a chance to listen to their conference calls."

— Much debate. Two camps. One says it's a no-brainer for the medical profession. The other claims that massive marketing will be needed to overcome inertia and lack of familiarity.

A similar debate applies to numbers. We can explore more deeply later, but my own feeling is that numbers are more than sufficient. How quickly plasminogen (pg) penetrates markets for wound healing and Type 1 diabetes remains to be seen.
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As you note, the choice between amputation or treatment with pg seems clear -- not only for the patient, but in terms of cost and burden on the health care system. It's difficult to believe that physicians won't quickly become aware of the pg option -- but many believe a conservative medical profession will be slow to adopt pg treatment.

Just an opinion, but if I were a patient that lost a limb to amputation when there was a safer, cheaper and healthier alternative I'd be very unhappy.

Jim