Having posted the last message predicting Eylea's above expectations rise and made a decent profit on the stock having sold it at 130's, I am here to report on part II. Here is our experience with the first Eylea shots. I had a patient who went down to Florida and was sold Eylea (by someone who was probably long REGN). She came back north to get the second and third done. OK, here comes the details. We are supposed to fill out the Eylea qualification forms which you don't have to do for Lucentis anymore. After the form was filled out, sent to REGN and approved, we gave two Eylea shots to the patient, Medicare came back with a REJECTION. We had to attach a letter of explanation, present our receipt for purchase and HOPE AND PRAY that the two injections will be paid. If not, either I will have to eat the darn thing, or I will have a very very mad patient that I will have to squeez out 4000 dollars from...thanks to the Florida REGN guy...his Eylea got paid down there by Medicare. The REGN person says for each of the future Eylea patients, we will have to fill out the pre-approval forms, get scrutinized, submit receipts...etc with no promises of Medicare reimbursing us for the Eylea which was used for very clear case of wet AMD. Worse is that Besse (the distributor we got Eylea from) did not extend the 180 or 100 day terms promised by REGN and charged us right away. So, so far the clinic is not sitting too well with a 4000 dollar loss on our hands. Looking at the REGN profits I have made riding it from 60's to 130's, $4000 loss would have still put me in the positive. As a small retina clinic, I don't think it will take A WHOLE LOT of convincing and guarentees to get me to restart Eylea again.
In summary, for parts of the country, physicians may still be having a lot of troubes getting reimbursed for their Eyea. Physicians don't really have the time to deal with the hassels, and potential financia losses. Guys are sitting and waiting instead of diving in deep. I did not see a dramatic improvement with my patient's wet AMD on Eylea. I wasn't given any 100 day terms and now am out 4000. So back to Avastin. I also discussed with my buddies in the large (famous) institutes and they don't seem to be very hot on Eylea as much as when Lucentis initially came out partially due to reimbursement issues and lacking any miracles seen. I don't know the role of Genentech on this (like the previous Medicare action to cut reimbursements on Avastin), but I am suspecious and feel sorry that Medicare may be influenced to activey prevent money saving drugs from being used. I am very disappointed and think there is a lot that needs to be done by REGN to up their sales to well above expectation levels. Maybe the Florida guys can do it, but not up here for next stage of the growtn. What do you think will take me to do another Eylea? I have also cut down my Lucentis injections as a response to this suspicion.
Phony or not this guys points make sense, look at this very LOW valume on REGN, the few times the value was over a million the stock lost 5-10 points, this stock is slowly going down,
all i gather is not too many buyers at this levels.
retina you are as phony as a $3 bill. You remind me of a guy on the Progenics board who keep posting all these medical terms trying to make people think he was a doctor. He was totally wrong about the stock. You are probably the same kind of imposter. Someone needs to stick a needle in your eye, and twist it, phony
I have no position on this stock, and merely venting as a small customer of this drug. If you are a retina specialist, you know I am for real. Not using any medical jargons to impress you, but am merely reporting problems I am seeing. I will see how widespread my story is, on the next sales/earnings. Believe it or not Mike, if you do it right, people don't even feel the shots, even if you get a dull Avastin needle and do have to screw it in. 10K+ shots, no RD, no endophthalmitis.
Actually,,,insurance companies WILL pay for new drugs ROGHT AWAY,,if it is in their own self-serving interest which is to SAVE MONEY ,,,,in this case the will save 50% over SOC PLUS provide BETTER outcomes for patients..
think about that....will take a bit, but Lucentis is going south as SOC,,,and is years away as a ER or Combo
this is the next big thing...till the next big thing
I have wet AMD. I live in Florida and spend summers in NY. Lucentis & Avastin were not giing me any improvement. I am getting EYELEA injection. In FL they my doctor worreid about being reimbursed ny Medicare only about reimbirsement from my supplemental insrance. I spoke to tehm and thye said tehy will reimborese anythign mMedicare covers. In NY the smame thins--no worry from teh doctor about Medicare reinbirsement and ny supplemental ins co says they will pay.
I have has wet AMD in my right eye for about 2 years. My doctor in FL says I now have it in m left eye. He gave me 1 shot of EYELEA. A month later I went to my doctor in NY. He took pictures and sais there is no leakage in my left eye.
I am sticking with EYELEA.