Dow down .48%
nasdaq down .36%
btk down .07%
nbi up ,34%
however, nktr is down 4.30 % (low volume) with no negative news or downgrade. It simply does not make any sense. Tomoprrow i will add to my position if i can buy at these prices!!
AF's negative article about VRTX was neutralized by monetization of Incivo. I wonder if he was trying to help some of the shorts. Apparently AF is now surprised by the Incivo sale. If some of his friends shorted VRTX thinking AF's article will lower PPS and they can cover with a profit, they are now holding the bag.
I do not know about the ivory tower. Maybe people in the know can comment. However, so far I am not very impressed with his performance at all. In a particular I think he erred greatly by allowing Alios go on with the 400mg of 135. Some may say that was Alios' s decision. I can not buy that. If VRTX was collaborating with Alios in that trial he should have set his foot down and not gone along allowing Alios to push the envelop to the extreme (400 mg)causing delays in the US trials.
Yes, good discussion John.
"American/Japanese/European's are paying the R&D"
You are absolutely correct . Keeping in mind that not many american pharma companies spend a lot of their own resources in developing drugs that have applications only in 3rd world countries. Most such drug developments are either subsidized by the UN or some philanthropic organizations such as Gates foundations.
I understand what you are saying about the inequality of pricing and about labor costs in other countries going up. However, all of that is happening gradually and it will take some time for even China and India's standard of living to catch up to the United States' standards. Until it does price disparities of American drugs are given.
Right now a typical Indian's salary is way below its counterpart in US. So an American drug company has 2 choices; 1) sell its drug at prices that the Indian can afford and make a little profit, or 2) demand American prices and sell no drug and make no profit.
[The question is, "Why do you see fit in your business model to use the excessive profits made on the American consumer / tax payer to subsidize foreign business. "]
I am assuming you are referring to lower drug pricing in foreign countries. I think it has to do with sound business decision making. Companies usually price their products to maximize sales as long as those sales are still profitable. They have to balance the price with the local consumers ability to pay. For example, there will probably be very little sales of some of the orphan drugs in third world countries if they had to pay American prices. In addition, drug companies usually would like to balance their profit making with the humanitarian needs of those less fortunate than us in order to create good will and good publicity for their companies.
" why wouldn't anyone just hop on a plane to a lower priced market for a speculative $500 price tag?"
I remember the same thing being said about HIV drugs -- people were going to Africa and buying the drugs on the cheap. It did not happen for several reasons.
1. Drug companies made these countries, as well as the providers of the drugs. aware that they would not tolerate such sales to foreigners and the cheaper priced drugs provided to them were for strict use of their citizens only.
2. These drugs can not be duplicated by clandestine drug labs (such as Viagra) because they are complex formulations and are not just a brew of chemical mixtures. Any illegal copies are dangerous to take and people would be stupid to risk taking them.
3. For the majority of people, their insurance companies cover the cost so why go through the hassle and risk?
As far as a price war, it may happen but I doubt it. When incivek and victrelis were approved and came to market no price war developed. And that with victrelis even being less effective.
Thanks kk. I guess I got back in a bit early but who can time the market perfectly?
I just could not stomach the reality of the hopefully good news of the added indications for the CF being released and me not being in the stock. Good luck to all of us.
It was only 2 weeks ago that management released its quarterly report and had a conference call. So what is the purpose of giving a presentation 2 weeks later? I doubt they have any earth shattering info to give out.
"Just watch today go down to red"
You are an idiot. I assume you initiated your ID " xuwu435" this morning and out of embarrassment you will never use that ID any more?