Week ending June 28 compared to prior week:
Trx 2222 compared to prior week: 1829 +21%
Nrx 2120 compared to prior week: 1698 +25%
Looks good to me. I particularly like the round 2222 number. It's a good sign!
only 40% of free samples refilled for money. This assumes sales force held paid RX's steady after 6000 more sales calls. If more new free 15 day Rx's week 3 less paid refills from week one. Awful results.
It is over
Since the IMS number is usually underreported by from 25 to 30%, if assume 25% and divide 2222 by .75 you get 2963 more than likely the actual number of scripts which is very close to 3K. Symphony numbers probably will be in the 2650 to 2900 range. Therefore not weak at all. The shorts are taking advantage of the under reporting to play their game. But what will really count is when on or around August 7th, Arena reports their earnings, they imo will have a more accurate count of the scrips and the revenue so far. I don't think they will give a July projection, but might since they could have that complete data for July as well. Regardless, they will provide guidance I believe based on Jack's comments at the shareholder's meeting.
Sentiment: Strong Buy
It is only the second full week of sales, so we have been on the market for 2 and a half weeks and have sold 5,567 scripts. I think we are doing just great. How long did it take VVUS to sell 5,500 total scripts of Qsyima? Much longer then 17-18 days, yes days....