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3 high-ranking companies on the diabetes market to watch in 2017
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The last company that made the cut for inclusion on this list is MannKind. This one is a bit of a contrarian play. The company has one of the largest short interests in the healthcare space right now (as of the most recent data, 98.6 million shares short representing 30.6% of the float and nine days worth of trading) and market sentiment is decidedly negative. Between June 2014 and January 2017, the MannKind stock fell from a little over $10 a share to its current price of just $0.66 a share a 94% decline across a less than a three-year period. Things arent looking great, and shareholders are not happy, but we believe there is a turnaround coming.
Why?
To understand, its first important to pick up a little bit on the history. The company developed an inhalable insulin product called Afrezza, which the FDA approved back in 2014 (this was the driver behind the just-mentioned midyear highs). The development and commercialization was carried out in conjunction with healthcare giant Sanofi (SNY), but the assets failed to reach any level of success because of one key oversight. It is contraindicated in patients that suffer from certain conditions, based on its inhalable mechanism of action. In order to prescribe Afrezza, physicians therefore needed to carry out a test to make sure patients didnt suffer from said lung conditions. This test requires a piece of equipment, and only a small portion of US physicians had this equipment on-site. Ipso facto, very few physicians were able to prescribe Afrezza, even if they wanted to, because they were unable to carry out the prerequisite test.
Sanofi has since dropped the partnership, and paid $120 million to MannKind for the privilege of doing so. Many saw this as a negative, but we see it as the start of what could be a turnaround sales strategy. The thing is, this treatment works, and incredibly well. It works twice as fast as current injectable insulin products, and leaves the body at an almost comparable rate (i.e., two times quicker than current SOC). There is a host of data that combines both the above-mentioned Dexcom G5 device with the inhalable Afrezza to illustrate efficacy and improvement over SOC, and this data is underscoring a spate of recent insurance coverage and PBM announcements. Express Scripts (ESRX) added the drug to its formulary during the final quarter of 2016, with no prior authorization (PA) requirements. On January 1, 2017, Aetna Inc. (AET) did the same, albeit with some non-onerous PA requirements.
Put simply, the space is finally starting to take notice of what it had previously written off as a failed launch, and the drug is living up to that famous healthcare investing adage all else aside, the most important thing is that it works.
As more and more insurers take on the product, and as an increasing number of physicians equip themselves with the required test systems to prescribe Afrezza to an increasingly demanding diabetes population, we expect MannKind to finally reap the rewards of this game-changing administration method.
http://born2invest.com/articles/...-diabetes-market-to-watch-in-2017/
heute um 22:00 Uhr:
http://secfilings.nasdaq.com/...20CORP&FormType=8-K&View=html
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Werbung
| Strategie | Hebel | |||
| Steigender DAX-Kurs | 5,00 | 10,01 | 15,00 | |
| Fallender DAX-Kurs | 5,00 | 10,00 | 15,00 | |
| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
| 17 | 1.921 | MANNKIND - 2013 endlich zum Überflieger? | Oki-Wan 2.0 | Highländer49 | 16.10.25 10:20 | |
| 22 | Ist MannKind interessant? | Tiger | Tiger | 25.04.21 10:44 | ||
| 2 | 125 | Mannkind vor Explosion? | martin30sm | Magnetfeldfredy | 04.11.19 15:24 | |
| 40 | Ja nun | wilhelmo1 | Magnetfeldfredy | 01.10.17 09:28 |