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  1. #16741
    Legend Balance's Avatar
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    https://www.jpost.com/Jpost-Tech/Bus...process-581357

    Another urine based test for bladder cancer - "It has already received European CE approval, increasing support from the scientific and medical communities and became standard of care in a leading Netherlands hospital."

    And meanwhile, PEB is still waiting for inclusion of LCD for CMS coverage - 4.5 months after big announcement that national CMS reimbursement rate will be applicable from 1 January 2019 (yup, 1 Jan 2019).

    https://www.nzx.com/announcements/325254

    Deafening silence since the announcement but enough initially to entice the lemon-sucking institutional shareholders to part with more $$$ - while the directors continue to keep their wallets shut, but safe open for the big fees and salaries they pay themselves.

    Who is kidding who?

  2. #16742
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    https://www.prnewswire.com/news-rele...300800622.html

    Yet another urine based test licensed.

    But do not worry, the Board and management have raised enough money to pay themselves for another, shall we say 8 months before the charade of 'several tens of thousands tests' and $100m revenues by 2019 is over?

  3. #16743
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    Quote Originally Posted by Balance View Post
    https://www.prnewswire.com/news-rele...300800622.html

    Yet another urine based test licensed.

    But do not worry, the Board and management have raised enough money to pay themselves for another, shall we say 8 months before the charade of 'several tens of thousands tests' and $100m revenues by 2019 is over?

    Should we wish Pangea well on their long journey ahead to get CMS approval? Come back in 5 years
    Not much clinical validation there and going down the same road as PEB with Lab Developed Tests.
    And good luck with changing the clinical pathways.
    In fact good luck with clinical validation as well, they havent even started!!

  4. #16744
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    Quote Originally Posted by Minerbarejet View Post
    Should we wish Pangea well on their long journey ahead to get CMS approval? Come back in 5 years
    Not much clinical validation there and going down the same road as PEB with Lab Developed Tests.
    And good luck with changing the clinical pathways.
    In fact good luck with clinical validation as well, they havent even started!!
    You are assuming of course that Pangea will roll out its test and operates like the comical PEB - blundering from one strategy to one mistake to another strategy and running around from user program to user program, all the while promising ‘several ten thousands of tests’ and $100m revenues by 2019.

    The world, fortunatfely, is not according to the Mickey Mouse PEB!
    Last edited by Balance; 03-03-2019 at 03:09 PM.

  5. #16745
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    Quote Originally Posted by BigBob View Post
    They are not murmurings...! It has been reported in the last few (many?) updates... Latest one from 19 April...:

    "...while we’ve been working through the negotiations, we’ve also been working with Kaiser’s staff on
    the necessary business logistics and the training of the first batch of urologists to ensure that the long
    anticipated start-up of commercial tests can occur as expediently as possible following the completion and
    signing of the agreement
    ."
    ... I am assuming that negotiations are continuing (we are approaching the 2 year mark) and that a signed agreement remains imminent?

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    Im sure the management of PEB would love to hear what other means of establishing clinical validity other than running multiple tests is available.
    And changing clinical pathways.
    And combating the inevitable dissonance from entrenched urologists.
    And being obliged to provide tests to CMS on suspended payment.
    And get it all published in the related Journals
    And get four related tests out, not just one. Herein lies the reason for the delay and the reason for not going down the FDA path.

    And having to put up with unwarranted compulsive denigration on ST emanating from behind a wall of obscurity, - endlessly.

  7. #16747
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    Quote Originally Posted by Minerbarejet View Post

    And having to put up with unwarranted compulsive denigration on ST emanating from behind a wall of obscurity, - endlessly.
    And being proven 100% correct at the sham which is PEB.

    Very satisfying!

  8. #16748
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    Quote Originally Posted by Minerbarejet View Post
    Im sure the management of PEB would love to hear what other means of establishing clinical validity other than running multiple tests is available.
    And changing clinical pathways.
    And combating the inevitable dissonance from entrenched urologists.
    And being obliged to provide tests to CMS on suspended payment.
    And get it all published in the related Journals
    And get four related tests out, not just one. Herein lies the reason for the delay and the reason for not going down the FDA path.
    And an excellent case study on how NOT to launch a medical product and blow over $200m with nothing to show after promising plenty while raising the said $200m+.

    Below is a prime example of what an amateur outfit like PEB does :

    Quote Originally Posted by Balance View Post
    All I know is that PEB did not once mentioned that they were seeking regulatory approval in Singapore to peddle CxBladder.

    We know PEB did not obtain FDA clearance and approval for CxBladder while as other companies did (and do) with their tests.

    Who is kidding who?
    Last edited by Balance; 04-03-2019 at 08:20 AM.

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    Quote Originally Posted by Balance View Post
    And an excellent case study on how NOT to launch a medical product and blow over $200m with nothing to show after promising plenty while raising the said $200m+.

    Below is a prime example of what an amateur outfit like PEB does :
    Get back to me when you figure out why they did not go down the FDA road.
    Cheers
    Miner

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    Quote Originally Posted by Minerbarejet View Post
    Get back to me when you figure out why they did not go down the FDA road.
    Cheers
    Miner
    I figured a long time ago.

    Which is why I call PEB for what the company is - a sham.

    Remember the 'several tens of thousands of tests' and forward booking of revenues (plenty of tests sold, see?) which became receivables and then, were written off?

    Guess you are still trying to figure that one out?

    Another term could be "cooking the books!"

    Staggers me that PEB was allowed to get away with such a gross violation of basic accounting principles without any kind of reprimand!
    Last edited by Balance; 04-03-2019 at 11:55 AM.

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