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Yep you are right. The samples are sent to speciality laboratories to be analyzed. So no need for automated version. Speciality labs here basically mean like Labcorp and Quests Dignostics. Abbott won't be interested in the second indication. Also whatever revenue that is generated from both manual and automated Gal-3, BGMD have to pay ACS royalties based on net sales and sublicensing income of products commercialized under the license. That will reduce their profit further.
Ah, good to know that Joe. So basically both Gal-3 and the second indication bombed in EU. In that case FDA approval is worthless. So the stock is not going to $10 and no buyout. Ouch!
You really need to do a google or yahoo search for "Penny Stock 101 org' and signup for their 100% complimentary email newsletter. They consistently bring me winning trade ideas. Just 8 ½ weeks into the 'Fall 2015' season and they've put out a combined total of +1,843% in profit. I am very impressed! Try it out for yourself now.
Last year without FDA approval it was trading at 44 cents per-split, now wth FDA approval plus Abbott selling the pps is 14.5 pre-split. With or without bashers, pps would have tanked. The mgmt have done a wonderful job. The only company to have maximum blackout period. Last year Noubar and Co., tanked the pps to 27 cents pre-split. The "experts" on YMB said was for tax reasons. Will we see the repeat of the "tax drama" again this year. Watch out for the first 10 days of December.
Respectfully, you're all missing the point. The new indication is NOT for hospital lab use. It's mostly for doctors in their offices. So they will have to sent it to a lab. Having an automated test adds little value. Stop thinking the next thing is the NEXT BIG THING. BGMD touted CardioScore as the NEXT BIG THING. It got approved in Europe for basically the same indication. Sales - ZERO.
You know what is sad, this post I'm replying to. No one is personally messaging you, it's a forum totally separate of here, and, that was not a life threat strictly speaking from the sentence. Joking around about someone who's is annoying on a forum, in another forum full of college kids is not equivalent to life threats. They have no idea who you are, and if they plan to troll you on here, it's just karma for your trolling. The fact that you twist it and suggest life threats is low, deceitful.
BTW if look at Google finance, my numbers match with theirs as far as INST % is concern. OS shares 11.13M. Noubar&Co own 11.72%. Empery owns 9.5%. So it's about 21%. If the Series A shares are included with the 11.13 OS, then INST % increases to about 31%. So all those posts about INST and Insiders hold 70+%, is untrue. In Q3, inst holdings dropped by almost 35%, almost 700K shares were sold by 18 institutions.
As per CMS, code 82777
CHEMISTRY: 82777 – Galectin-3
Galectin-3 is a blood test indicating the prognosis of patients diagnosed with chronic heart failure that is due to underlying fibrosis resulting in adverse outcomes.
Elevated galectin-3 levels identify a subset of patients with chronic heart failure who suffer from an inherently progressive form of heart failure due to galectin-3-mediated fibrosis and adverse remodeling. Galectin-3 testing is indicated for use in patients previously diagnosed with chronic heart failure and cannot be used to diagnose heart failure.
So 82777 is only reimbursed for the purpose above. 2nd in if approved by FDA, BGMD has to apply to the CMS for reimbursement.
If a BIG IF, the second indication is approved, according to the Pumpers it will increase revenue by 10X. Question: Currently the CMS reimbursement is $29.xx, CPT code 82777, for CHF. The second indication is for CVD, is that reimbursed by CMS? The manual version of Gal-3 was approved in 2010 but they received the CMS reimbursement in Jan 2013, so how long will it take for this test to be reimbursed? Also the the Automated Gal-3 FDA submission was specifically for Abbott ARCHITECT i S2000 SR System STAT protocol, that is why the 510K was submitted by Fujirebio to FDA on behalf of Abbott. In the case of the 2nd ind, this is BGMD's submission, so does that mean whomever their next partner is Abbott etc, have to submit another 510K for the automated version. As we all know, manual version tests, are difficult to sell, so how long do we have to wait until, the automated version of the second ind hits the market and start generating $$$?
Does yahoo message board belong to you? You are just too dumb to proof any of my posts are inaccurate. You are the biggest loser here. I am so tired Yahoo allows cognitively challenged people like you to post. Go away. You are on ignore so don't be so desperate to read my posts. You are just plain stupid and being a bag holder for over a year, makes you the LOSER here. You are so stupid to even find out if what I posted about the inst selling is true. As for your post, you have not posted one single useful thing. I will keep posting. Lol. You sorry _ _ _doesnt have to read neither respond to my post. If you are so particular about proof, then show you are intelligent and correct people by doing your own DD. Do some work you lazy ---
Thank you for proving my point. Lol ??? Your lack of proof and name calling, plus whining has gotten on my last nerve, Go home! Quite Posting you are apparently a short spammer..... Put up a big L to your forehead loser..... I am so tired Yahoo lets you post nonsense without proof. I understand your frustration as it is obvious you are way down but shut up till you have something to actually say and prove.....
Good grief I understand why no one is on here but your sorry _ _ _!
Sentiment: Strong Buy
Hunlock posted Flagship holds 46%. That is wrong. If you are so particular about facts and proof, you would have figured out he was wrong and the actual number is only 22%. Before you ask me for proof, go and get your DD right first. Maybe you have missed the part where I have been consistently right about the stock right up to the Q3 prediction. Where have you been?
I will post what I want if you can proof what I posted is inaccurate. Now I posted all institutions have sold except for AGTC and Flagship. 18 have sold. I am not going to post a link. Proof I am wrong. Go, I am waiting. I will be negative on this stock until I see a reason to be not negative. If I provide nothing of substance, don't read my post. Put on ignore, moron.
LOL I cant wait to see this turn the other way as plus $4..... You have been nothing but a constant negative hag..... I am sure this post will magically go away as the others I have posted... But you provide nothing of substance it is easy being negative...... Good-luck with your in life..... I have had to put up with someone as negative as you and it is not pretty....... Please before you post again make sure you have proof...... You keep on posting constantly but unless you have some links or something to back it up go away.......
Sentiment: Strong Buy
Theycallme1, even if you delete it's useless. We have recorded it. Do post more of your harassing messages, the more the better as it will be easier for us to subpoena Reddit for your IP address. Since I live in CA too, this is going to be lots of fun. As for tracing my IP to prove that I have multiple ids, I encourage you to do that. You have been wrong 99% of the time, what's one more.
Theycallme1, you think you are invisible. Think before you post on the Internet. We have all your details in Pacific Beach, San Diego. Keep threatening me on redditt.