My reading is just confirmation that things are still bad with Novitas ..but slim hope it may be Ok one day if PEB can change the view that Cxbladder tests are ‘not considered medically reasonable and necessary’,
That is why I have never bought into PEB, despite being in Dunners for a number of years and coming across various staff. I'm just a simple soul, but never fully understood or wanted to understand the process. Always thought regardless of how good the product is, the road to market and riches is full of unknowns (and potholes).
My reading is just confirmation that things are still bad with Novitas ..but slim hope it may be Ok one day if PEB can change the view that Cxbladder tests are ‘not considered medically reasonable and necessary’,
My interpretation is that by Novitas announcing this yesterday, they are now compliant procedurally (by providing the 45 day notice period). The only positive is that there is a scheduled 'open meeting' on 11 Aug where PEB can put forward their case - but I would suggest that the likelihood of a reversal in Novitas' decision within the short to medium-term is slim to none.
My interpretation is that by Novitas announcing this yesterday, they are now compliant procedurally (by providing the 45 day notice period). The only positive is that there is a scheduled 'open meeting' on 11 Aug where PEB can put forward their case - but I would suggest that the likelihood of a reversal in Novitas' decision within the short to medium-term is slim to none.
Last opportunity for shareholders to cut their losses and get the hell out imo.
I'm one of those guys that despite decades of experience still throws some money at Biotechs that so far have always failed. It's not big money but I always hoped that one of them will make it big. Hopefully PEB will be the last straw and I continue to invest in companies I actually understand and make money from. But then can old dogs learn new tricks?
That is why I have never bought into PEB, despite being in Dunners for a number of years and coming across various staff. I'm just a simple soul, but never fully understood or wanted to understand the process. Always thought regardless of how good the product is, the road to market and riches is full of unknowns (and potholes).
….we’ve moved on from pot holes to sink holes it seems
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I'm one of those guys that despite decades of experience still throws some money at Biotechs that so far have always failed. It's not big money but I always hoped that one of them will make it big. Hopefully PEB will be the last straw and I continue to invest in companies I actually understand and make money from. But then can old dogs learn new tricks?
The world needs people like you and I mean that sincerely.
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Originally Posted by winner69
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