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Spectrum Pharmaceuticals, Inc. Message Board

  • jjmill2 jjmill2 Mar 14, 2013 10:08 PM Flag

    My Call to SPPI IR this afternoon

    I called and I spoke with an IR person named Ashley. I obviously told her how angry I am about what occurred this week. I asked a simple question as to how they did not know this during the last Earnings call. She explained sometime after the call, that the hospitals informed them that they will not be ordering to due Leucovorin. She would not admit (obviously) if the guidance was conservative of 10-15. She said they expect much more revenue from Fusilev during the second half of the year as the demand will pick up. CLinics are still staying with Fusilev and will continue doing so. She said shareholders need to give the new sales team more time as they are really ramping up efforts (still half of doctors story which I am sick of hearing). She then explained the IMS system to me. They will now always know whats going on with sales

    She said the new drug they picked up today should will be on a similar timeline as Belinostat for approval. I was persistent about what the earliest time Apaziquone cold be approved and she did say 2015. No matter what, 2015. The company is thrilled about this new drug they got today. Up to three NDA's in 2 years is great news

    Zevalin and Folotyn are being marketed very hard and they expect increasing sales. I told her everything is BS with Zevalin and it is about time to start seeing some proof. However, nothing is expected so when it happens it will be big. She affirmed her earlier statement that sales team needs more time for results

    Oh and get this, their new goal is to be more transparent to retail shareholders. She said the company screwed up with the private call and are admitting their mistake. I guess next week there is a conference and we will have much more details on everything.

    I ended the call with these words. "I am extremely angry with the entire companies efforts to be completely honest with us or neglecting to see what is upcoming. Lets hope Raj steps down and gets back to the lab where he belongs"

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