PEB - Pacific Edge Ltd

[Copper]

Bloody stop loss saw me lose nearly a quarter of my PEB holding at 95 cents yesterday. I'm a newbie investor and still learning the ropes. After getting burned on Diligent (still holding at a big loss), I decided stop losses are important, even for long term investors. In hindsight, I should have set it a bit lower though. Oh well, live and learn. I'll wait until the preliminary full year report is out before deciding whether to reinvest those funds in PEB. Are these reports usually released after the market is closed, or do I need to remain glued to my screen next Friday?

I only comment as an old investor.Stop losses would have saved me tens of thousands over the years if I had set them at say 10%. The problem is that if you like a stock you tend to stay with it.A type of greed mentality.You are then at the mercy of the markets.With PEB you have a spec stock to a degree and Diligent is in the same space.To get it right is what it is all about.Balance will take an experience approach,Moosie on the other hand will take a technical approach.Hancocks will give a great technical perspective.In the middle you have all the posters here who may know it all or sometimes nothing.We are but mortals.If the share market is where you think you may make money quickly and you are a farmer, then stick to farming.I just wish you well but use a bit of personal nouse to sort the shi.... from the clay.Just a personal comment .cheers......

[psychic]

Cheers Mac. Yes, I'm guessing/ hoping that Predictive Shareholders recognised that cxbladder had the battle won to have pulled the plug? Someone must have the goss on this as it must have been huge for PEB at the time?

The founder of Predictive has gone on to work on colorectal cancer diagnostics.. know thy enemy eh

[Copper]

[QUOTE=psychic;482126]Cheers Mac. Yes, I'm guessing/ hoping that Predictive Shareholders recognised that cxbladder had the battle won to have pulled the plug? Someone must have the goss on this as it must have been huge for PEB at the time?

The founder of Predictive has gone on to work on colorectal cancer diagnostics.. know thy enemy eh[/QUOT
That's a very revealing post if u are right.Which you may well be.tks

[nextbigthing]

10% of US Urologists had ordered the tests which cost $380...

There has been a lot of concern about CXBladder gaining traction and Urologists being unwilling to change... Hopefully the above statement is proof that PEB stands a good chance (and of getting at least 10%). Thanks for the post Psychic.

[youngatheart]

Oh well, that was probably just the out-of-towners like yourself, lost and looking for directions! Hah! Really good news on the job front there Moosie :0)

[robbo24]

Bloody stop loss saw me lose nearly a quarter of my PEB holding at 95 cents yesterday. I'm a newbie investor and still learning the ropes. After getting burned on Diligent (still holding at a big loss), I decided stop losses are important, even for long term investors. In hindsight, I should have set it a bit lower though. Oh well, live and learn. I'll wait until the preliminary full year report is out before deciding whether to reinvest those funds in PEB. Are these reports usually released after the market is closed, or do I need to remain glued to my screen next Friday?

LOLLLLLLLLLLLLLLL nice try playa...

HAHAHAHA

[winner69]

Had an interesting drive around Auckland today. After completing my drop-offs/pick-ups I found myself stuck in the thickest of Auckland traffic jams. Not much seemed to be happening, and then my phone, which was guiding me, died before I had reached my final destination. I ended up driving down suburban streets trying to find this one street as I knew it was in the area, but kept hitting dead ends and nearly got totally lost. Fortunately, I managed to have the forethought to run into a local shop and ask the clerk, who spoke very little English, how to get to my destination. Well, he wrote those directions down perfectly and I managed to get there, settle down, eat a nice curry and drink a nice cold beer.

Apparently I did something right because I also got 2 messages when i recharged my phone saying i had an extension to my contract at work AND ACC is covering a recent injury!

Take from that what you may, but I hope PEB holders had a good a day as I did.

Moose

PS Still not moving to Dorkland. You guys are crazy drivers up here!

Good story moose ...terrible isn't it up there

A strong sustainable economy is based upon increasing productivity making real stuff.

Sitting in traffic jams for hours and when you think about how little Auckland actually produces conclusion is its doomed

Jeez ...they even rely on neighbours to supply them with water

[geo]

I'd go stir crazy doing that every day. I enjoy my three minute commute every day!

At least you didn't call us a bunch of JAFA'S Moosie.

[Minerbarejet]

Cheers Mac. Yes, I'm guessing/ hoping that Predictive Shareholders recognised that cxbladder had the battle won to have pulled the plug? Someone must have the goss on this as it must have been huge for PEB at the time?

The founder of Predictive has gone on to work on colorectal cancer diagnostics.. know thy enemy eh

Here you go, buddy. Johnny the Horse Post 1319, Page 185

Well it would appear CxBladder's main rival, Predictive Bioscience's Certndx, has just gone under.


The decision by a CMS contractor to deny coverage for bladder cancer diagnostics fromPredictive Biosciences Inc. (Lexington, Mass.) has caused the molecular diagnostic company to close its doors and lay off its 91 employees, CEO Pierre Cassigneul told BioCentury. He said the company is not viable in the absence of Medicare coverage, noting that Medicare represents about half of the market for Predictive's CertNDx bladder cancer diagnostic tests and many private payers mimic Medicare's coverage and reimbursement policies. Predictive's three bladder cancer tests are marketed in the U.S. as laboratory-developed tests, which are not subject to FDA approval.
In January, the Medicare contractor responsible for Ohio, where Predictive Bioscience's CLIA-certified laboratory is located, stopped paying claims for the company's tests, Cassigneul said. The contractor, CGS Administrators LLC, had previously been reimbursing about $380 per test. In April, CGS informed Predictive that resumption of coverage would be contingent on the company producing evidence of clinical utility, Cassigneul told BioCentury. He said a study to demonstrate the utility of CertNDx to predict bladder cancer recurrence could take two years to conduct, and "our investors are not willing to go further in supporting the company." CGS could not be reached for comment.

Predictive was founded in 2006 and has raised $77 million from Flybridge Capital Partners; Highland Capital Partners;Kaiser Permanente Ventures; New Enterprise Associates; and ProQuest Investments. Cassigneul said the company was "on track for $14.5 million" in 2013 revenues before losing Medicare coverage. Predictive's revenues were $1 million in 2011 and $4.2 million in 2012.


From: http://www.biocentury.com/dailynews/...ve-biosciences

More interesting info in threads on this board: http://www.cafepharma.com/boards/forumdisplay.php?f=701

From what I can tell, it turns out that their test was bit of a flop. I'm not certain of this though, still looking for some solid details. If they were on track for $14.5mil in sales, then I can't see Cxbladder having too many issues reaching targets if their product is as good as it claims. I guess it also points out potential risks for PEB too.

And this from Barney.
Interesting about Predictive Bioscience. I'm picking the difference between their product and CXBladder is that Pacific Edge have done the hard yards in terms of developing their product so they were able to provide category one clinical trial data. Good enough to be published in the American Journal Of Urology.

As has been mentioned previously on this thread, medical specialists can be a conservative lot, so getting the science right and providing the proper clinical evidence is essential in launching a new product. There might be some frustration regarding revenue to date, but things look to be on track to me.

Also Posts 1340 to1342
Very interesting that Kaiser Permanente was involved.

[Minerbarejet]

Cheers Mac. Yes, I'm guessing/ hoping that Predictive Shareholders recognised that cxbladder had the battle won to have pulled the plug? Someone must have the goss on this as it must have been huge for PEB at the time?

The founder of Predictive has gone on to work on colorectal cancer diagnostics.. know thy enemy eh

Pacific Edge's cxcolorectal is for prognosis, I understand, not diagnosis.