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12/17/2003 23:53
jim h

not registered

12/17/2003 23:53
jim h

not registered

Biospecifics

I've been following the Cordase story for years and my feeling is, it's never going to happen. Or rather, by the time they would be ready to market it, something better will have come along.

For Dupuytren's it doesn't seem to offer much more than NA - it's another way to rupture the cord. But it could do great things for Peyronie's and maybe some big drug company will pick it up for that reason. The potential market for a Peyronie's treatment has to be very significant as it is not a condition anyone would choose to live with given an alternative, and believe me, cost or lack of insurance coverage would not be an issue. I would like to know why BioSpecifics hasn't pursued this application ahead of Dupuytren's.


12/17/2003 23:03
Sean 
12/17/2003 23:03
Sean 
Biospecifics

Jim h,
I think you are correct. I also have followed Biospecifics and have actually made money with the stock on some bounces in the price. If Randy is close in his observation, or what he was told, about $1-2,000.00 per procedure, then there is no incentive to use the product. NA is cheaper. The end result is very similar and the recurrence is a problem. Insurance companies will have trouble (or won't pay) paying for this procedure every couple of years. I think these are the reasons that there hasn't been a buyout. It just doesn't compute.

12/17/2003 23:42
jim h

not registered

12/17/2003 23:42
jim h

not registered

marketing

Interesting how the economics just seem to work against us.

It's hard to justify $2000 for a treatment that consists of a couple of injections, a 10-minute wait, and - snap. If a veterinarian did this it would cost 1/10th as much. Maybe Collagenase is fantastically expensive to produce, but I doubt it. Or maybe it could command that price if it really eliminated surgery, but that's in doubt.

But a drug company has to believe they can recoup the R & D investment through the price of the product, or they won't do the research. If a new drug is cheap to produce and administer, and so effective that you only need it once - it won't attract investment, given the huge costs of getting FDA approval.

12/17/2003 23:05
Neil W.

not registered

12/17/2003 23:05
Neil W.

not registered

marketing

you have a good point, jim. If it was marketed for Peyronie's, then it might get noticed/funding.

12/18/2003 23:10
Randy H.

not registered

12/18/2003 23:10
Randy H.

not registered

BSTC

For the record, let me clarify exactly what I was told by M r. W. @ BioS in response to my question regarding projected treatment cost. What he indicated was that compared to surgery it would be highly "cost effective", but that the actual amount has yet to be determined. Then he said "but it's not going to cost a large sum like $2,000 or something". Within the wide range of 1K to 2K, I got the impression it was closer to 1K. Essentially, he wasn't in a position to go on the record. Frankly, as a fellow entrepreneur I imagine he will want to get whatever the market will allow inorder to pay off the cost of FDA approval.

But now with NA in the US, the game has changed. Considering the rules of supply and demand, there is now an alternative on the supply side.

12/18/2003 23:42
Sean 
12/18/2003 23:42
Sean 
BSTC

Randy,
It still doesn't compute. If they have spent $25,000,000.00 to get this approved thus far, then they will have to do this procedure aprox. 50,000 times to break even. That is if they get $500.00 per dose.
This is hardly an investment that someone would expect adequate returns.

12/18/2003 23:20
jim h

not registered

12/18/2003 23:20
jim h

not registered

Injections + NA

Randy, thanks for the clarification.

I tend to be too negative sometimes. The incidence of Dupuytren's and Peyronie's is often estimated to be 5% of the older male population. These are big numbers. As with any new product, advertising and promotion can used to create demand - i.e. to make people aware that they have a treatable condition. A big company will run an obnoxious saturation campaign of "ask your doctor about" ads, but there could be more sophisticated methods. When doctors and clinics become aware of a new treatment that is effective, low-risk, doesn't require expensive diagnostic tests - and brings in some money - everyone wins.

Collagenase also may be effective for frozen shoulder, which is a very common problem that can require prolonged and costly physical therapy.

12/18/2003 23:21
JERRY 
12/18/2003 23:21
JERRY 
Injections + NA

Once upon a time I posted an item that I garnered from Forbes that indicated that the average cost of having a drug approved by the FDA cost approximately $80,000,000.00. That's 80 million dollars and that includes 8 years of intensive research and studies.

If the drug is successful, then we complain about the cost of the item and seek to circumvent the Company by purchasing a generic substitute.

You can't have it all your way. Why then should a firm put effort and expenditure into seeking a remedy for a non-life threatening disease such as Dupuytren's Contracture?



12/25/2003 23:47
A.M.

not registered

12/25/2003 23:47
A.M.

not registered

Injections + NA

For the record, hubby has had NA and loved it...but...if the injections were available...we would probably do both depending on the finger...stage...etc...

As for the cost....heck...we paid more then that just for the hotel in Europe so I don't think the cost is an issue.

The two treatments will compliment each other rather than compete with each other.

A.M.

12/30/2003 23:10
Troll

not registered

12/30/2003 23:10
Troll

not registered

Collagenase

Jim...where are you?

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