What stuck out to me in the article was "weight loss surgery even for some patients who are only mildly obese." Mildly obese? No one is going to have their guts ripped apart if they're mildly obese. The only way I see any relief for investors is if Monday we hear there are hundreds of self-pay patients who have committed to vbloc who are being prepared for surgery. Also for what it's worth I think this will be our best quarter to date considering Winthrop came on board several months ago. Time is ticking though and the market isn't going to wait. We need some deep pocket investors who see the potential and don't mind waiting a few years for a return. I'm sure they'll be listening in on Monday.
Not sure I'm done guessing what is going on. But we are now within the 3/6 month window for Winthrop employees and their spouses who are eligible for surgery. I also remember Gladney saying there would be another VBLOC institute announced as well another country in 2016. What would be nice to know is if this is a new country or one of the many already cleared in. We are also nearing the so called "2 year wait for observation/patient results" that insures look for when providing coverage for new medical devices. Gladney needs persuade deep pockets if ETRM is on to the road of recovery. A partnership would be great news!
Interesting they are holding a conference call in a week two weeks later than ER. He said there would be an update when substantial progress has been made. Fingers crossed!!
Gladney said a couple months ago another country would be announced this year. If the UAE isn't it Gladney should be making a phone call his first priority Monday morning. VBLOC has already been approved in United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar and Australia. Unfortunately it sounds like a rat race with other companies working on similar techniques that if successful are 2- 5 years away from market.
Just to be clear I didn't ask anyone to join me in this endeavor. I guess when you've been critical of management or post facts about the tech or company it puts a bulls-eye on your head. Who knew? But, people are getting healthier losing a lot of weight reducing the cost off expensive meds related to weight issues, diabetes ect... So VBLOC works is reversible and no one has or will have it for weight loss unless their patents are junk, I don't believe they are.
Still hopeful they can turn the ship upright, no doubt time is ticking!!
Take a look at who it is whimpering something from the peanut gallery. The one and only "Mr Qualified!" He thinks because he's 1 for 4 in his stock picking skills he's relevant again. I guess you haven't learned anything about Karma yet, you will! LOL
"blind longs who pay their salary" So are you out then?
Did you see this yesterday? Med-Tech Companies looking to expand into and throughout Minnesota will have access to more than $1 billion of federal economic development assistance.
It seems you believe in the technology once again that you told me I should quit posting about! But like you I did see that and first thing I thought of was vbloc.
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