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EnteroMedics Inc. Message Board

  • adeiflig adeiflig Oct 17, 2013 11:58 PM Flag

    FDA PANEL SHOULD EASILY APPROVE VBLOC

    The fact that ETRM sat down with FDA discussing their clincial results with them prior to filing their PMA application for this device confirms the FDA is receptive.

    The fact the FDA has informed ETRM of a FDA Panel is simply to shift the responsability to a group of Doctors whom will recommend approval so FDA does not have to hear of favoritism with present clinical results.

    There is tremendous pressure in the US to reign in health care costs and obesity is a huge one costing $147 billion per year. Diet pills do not work over the long term, if they did, there would not be an obesity problem today.

    VBLOC reduced average weight loss by 24% which is very good, there were also excellent benefits for diebetic and hypertension. In Australia this device has been approved and they work closely with FDA.

    I believe this is a slam dunk deal for FDA really needs help with obesity problems. If VBLOC can bring the cost of $ 147 billion per year even by 10% it will be worth it.

    69% of the US is overweight to obese meaning 227 million people is TARGET MARKET.

    If VBLOC gets even 1/10 of 1% or .001 of this market, we are speaking of 227,000 patients per year.

    If each device retails for $ 5,000 you are speaking of $ 1 billion per year in revenue.

    My figures of .001 of the market are so conservative there is no way I can go lower and it still yields $ 1 billion per year in revenue. ETRM said that they will be hiring 100 sales people to sell device to doctors. This means each sales person has to get 2,270 patients to reach 227,000 patients. To hit the 2,270 patients number a salesman needs to convince only 20 doctors each performing approximately 100 surgeries per year or 1 obese surgery every 3 days. Again my numbers are so conservative. In the USA we are talking about millions of doctors and not 20 per salesman so target market is huge.

    HEDGE FUNDS ARE LOADING UP AND CHOSE PENNY TO SHAKE THE TREE FOR THEM. BE WISE, LOAD UP AND MAKE THEM CHASE.
    JMHO

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