Big turnaround potential, I took 5k shares this morning. $10+ before summer, geiger as a captain, shorts can not cover before institutions sell
Sentiment: Strong Buy
Here is how you can find my numbers yourself. Google a PR "Phosphate binder PA21: Vifor Pharma enters into partnership with Kissei Pharmaceutical for Japan." dated September 17 2010.
There you can find the following comment made by CEO of Vifor Pharma: "The phosphate binder market is currently estimated at CHF 230 million in Japan and is growing fast"
At the time exchange rate CHF/JPY was apx. 85 = 19,500M yens. Assuming annual growth of 300-400M yens I arrived to 21,000M yens.
According to Vifor Pharma the phosphate binder market is estimated at 21.000M yens in Japan. Torii`s (conservative) management is estimating that Riona will sell 4.620M yens in 2015. That means Riona will have a 22% market share in its first full year in the market. I don`t know what people are expecting but I wouldnt say that is a bad start.
I think we should be happy because now we can buy cheaper than any of those idiots who bought since oct 2013 including Seth and couple others. Now we have Japan and US approvals and launches, long term phase3 data, cmc issues are gone, man from Sanofi becoming CEO, 200 million in cash, European approval and CKD data are now near term catalysts..
Riona sales are increasing rapidly. Q4 sales was 915M yens Exceeding JT`s own estimate (634M yens) by 44%. Managements estimate for FY 2015 sales: 4,620 yens, 155% increase. Riona will be Torii`s #4 selling drug in 2015.
It may take some time, but we have winner product.
The sentiment of this MB is a good indicator when to buy and when to sell. All the negativity tells me that it is time to buy now.
if 57 is true I agree with Spill.That is a terrible number. If 57k is true, I would buy all I can.
are you serious, 57K scripts already? Can you confirm that? If true, big news indeed.