So in preparing for my ABT report, i managed to have a quick chat with IR & public affairs.
Their lawsuit win with JNJ, they are very happy about it. The ball is in JNJ & NYU's court, but considering one patent was invalidated... they dont know what to expect... but the next move would be from JNJ and not them. They dont anticipate anything.
with regards to DEPO: They are in "full compliance for that product". She "doesn't know too much about it", "its a small product"...
They way she responded was that they already paid the milestone, or are going to pay it. She said they are in mediation, working it out, but "intend to be fully compliant"
she said "small product" 2-3 times. The way she was responding was as if she was reading off pre-screened responses.
But when I prodded about the fact that there were some mentions in previous transcripts of CCs about the product, and I asked again what are ABTs goals for the product... she said "they don't have any" and they are working it out in mediation.
Thanks much, Tro. Certainly nothing you related that differed in the slightest from what CP has said - and always nice to have that confirmed.
In terms of the size of the Gralise opportunity, it seems to me that the real expectation from the sell side is whether it will be a 100MM product or a 600MM product. That would certainly be a small product for ABT. And I think us bulls feel the probility is for a greater opportunity, but without a distribution system identified - and perhaps even some actual script numbers, it would be just too pie-eyed optimistic to think in terms of more than that range. On the other hand, even the higher end of that range yields a whole lot earning for DEPO in 2012 and beyond. We hope.
Just thinking out loud, Glu will sell 100m a year soon enough with generic versions of the same drug. CP has publicly stated he believes Gralsie is a 1b plus opportunity. After the labeling Gralise received CP must be giddy. I am sure once ABT disappears we will hear much more about how and why this will be the case. I have Gralise pegged at 750m annually, that being said this may be the best investment some will ever make in their investing lives.
Hi Fly, sometime earlier you talked about your wife (or Girlfriend) Forgot about what, but it sound like you wanted to take care of her, GUESS WHAT you got your SHI? where is should be, Old lady should be proud of you, YOUR GOING PLACES. THANKS
Thanks, Mr. Fly.
Sounds like mediation is still continuing, which means that we may not know much about the outcome come 3 March unless resolved by then. The lack of certainty on this matter then doesn't quite jive with the previous feeling that some posters had that DEPO was scheduling the 3 March call because they were certain of one or more outcomes which could be announced then.
Probably trying to read the tea leaves beyond their capability to deliver info.