The vote was closer than I thought it would be and I voted against, but did anyone really believe it wouldn't be? The company believes there is "substantial progress" being made. All I can say is I hope so, it may be to little to late at this point. The technology will survive and people will continue to turn to vbloc for weight loss. Now whether or not it is EnteroMedics who reaps the reward, the jury is still out on that.
I agree we are still months away from any real meaningful coverage. But it appears according to her there has been some coverage already. I would love to know who it is testing the waters. GL
Most cases at this time are cash-pay, but insurance has covered some. The VBloc company, Enteromedics, is working with insurance companies to try to get better coverage across the board.
It wouldn't surprise me one bit to see them report next week just before the 2016 Annual Meeting. I really hope they plan on having a Q call and are not expecting people to show up in Minnesota for finer details.
I have not gone shopping yet and would like to wait until I am in size 16. I had been wearing size 1-2X and 20w. But I love that I can breathe in what I am wearing. I will never take that for granted again. This goes to a reward, too, when I look in the mirror and I start seeing the changes, I couldn’t be more pleased with the results.
In an earlier post, I had talked about how my health was one of my great motivators, I didn’t want to feel sick and tired all of the time. I am proud to say I have not used Metformin for 2 months and am not even testing any more. So Diabetes is off the list of aliments! That is huge and I am thrilled!
Looks like Daniel Cohen is no longer with the company. He had been with the company for 7-8 years as Senior Vice President of Government Relations and Health Policy. He was recently hired by KemPharm.
Dan Gladney said they where working towards a smaller device and other indications. Seems to me Daniel Cohen could be a huge loss. I guess there are other scenario's or reasons he could have left, but on the face of it like everything else with the company to date it's a loss.
But I agree with everything you noted.
"We believe that this option exchange program would be in the best interests of our stockholders and EnteroMedics, as the replacement stock options would help us to retain and motivate further our most talented employees so that we can continue to build value for our stockholders. In addition, the option exchange program would reduce the total number of outstanding stock options held by our employees and, because we will incur minimal incremental compensation expense in connection with the option exchange program, allow us to more effectively utilize the compensation expense that we have already recognized in our financial statements in connection with the grants of the existing underwater stock options."
The way this is headlined makes it sound like it is my blog, it is not. I just copied the heading from the blog.
"I decided to Start sharing my journey now that I have had weight loss surgery. I had a new procedure, the VBloc on December 29th. Since starting this journey I have lost about 60 lbs. High mark of 314 (I'm 5'10") now at 255."
April 7th, 2016
LOL. Make up your mind. According to you and others the company will go bankrupt. Yet you think John M. Morton, Sajani N. Shah, Bruce M. Wolfe, Caroline M. Apovian, Christopher J. Miller, Katherine S. Tweden , Charles J. Billington, and Scott A. Shikora would somehow put their careers on the line cooking results/study. Besides, I see only two names on the list who are on ETRM payroll. Also the FDA is closely monitoring vbloc and it's results which they spoke highly of. So if you believe these professionals are willing to stick their necks out on some bogus results knowing good and well how closely the tech is being watched you a bigger fool than you think I am.
I will be here for the buy-out, that is very soothing to know!
The FDA and the Advisory Panel Members where clear "We need to fill the gap between weight loss pills and invasive surgery." Vbloc clearly does that and with the news today it beats out other surgical procedures, some by a mile!
"Results observed in the moderately obese population provide strong support for vBloc Therapy's application within this subgroup of patients, many of whom are not willing to undergo, or not appropriate for, more aggressive surgical interventions," said Scott Shikora, M.D., F.A.C.S., EnteroMedics Executive Vice President and Chief Medical Officer. "We look forward to further understanding how vBloc performs in this population, as we continue to review long-term data derived from ReCharge and other vBloc studies."
I see some people questioning the PR. I think all names below have far to much to lose for some bs news.
John M. Morton, Sajani N. Shah, Bruce M. Wolfe, Caroline M. Apovian, Christopher J. Miller, Katherine S. Tweden , Charles J. Billington, Scott A. Shikora
Not hardly, I'm in it for the long haul, like you and IGXT. But you knew that!!