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BG Medicine, Inc. Message Board

  • heterodontbull heterodontbull Oct 26, 2013 5:36 PM Flag

    Two reasons

    We have quarterly earnings Nov 14th. Their Galectin-3 test is under review to increase the rate they get for each product which at the moment is $17.80. They are trying to get $30.24 for each product. If there is any positive news released at their quarterly earnings expect a massive jump; if not they will hear before the end of 2013 if they will get a increased rate for their Galectin-3 which they most likely will. They went in to renegotiate as they were originally supposed to get much more for each product. I doubt the negotiation will leave them with the same $17.80 per Galectin-3 test. Negotiations tend to compromise so whether they get the $30.24 or not they are going to get a increase. When they do expect this to double from where ever it is at that point. Also we basically only have 2 more months before 2013 I would expect them to come back with an answer sometime in November maybe early December. Don't wait too long though!

    My point is there is a back up plan if their quarterly earnings doesn't report anything exciting. I'm sure before the end of this December we will see $1.00 - $1.50 range.

    Sentiment: Strong Buy

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