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Is Biosensors a good buy?
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bengster68
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23-Oct-2007 00:44
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12-Month ENDEAVOR IV Data Delivers Further Safety and Efficacy Evidence for Next-Generation Drug-Eluting Stent
MINNEAPOLIS--(BUSINESS WIRE)--Building upon the unprecedented wealth of data presented to an Advisory Committee to the U.S. Food and Drug Administration two weeks ago, Medtronic, Inc. (NYSE:MDT - News), today presented new 12-month data from the ENDEAVOR IV (E-IV) trial during a main-arena plenary session at the world?s leading scientific congress for interventional cardiologists, TCT 2007 (Transcatheter Cardiovascular Therapeutics), sponsored by the Cardiovascular Research Foundation.
?Significantly, the results at nine months, which contributed to the recent expert panel recommendation on October 10th for FDA approval of the Endeavor stent, were seen again at 12 months,? said Martin B. Leon, MD, Founder and Chairman Emeritus of the Cardiovascular Research Foundation, Professor of Medicine, Columbia University Medical Center (NY), and principal investigator of the ENDEAVOR III and ENDEAVOR IV trials. ?ENDEAVOR IV reached its primary endpoint of TVF (target vessel failure) non-inferiority to the Taxus stent. It was very gratifying to learn that the Endeavor had similar efficacy compared to Taxus for all lesion subsets.? No statistically significant difference in TLR or TVR versus Taxus at 12 months was observed. Endeavor also demonstrated superior procedural success, as measured by the trial protocol. Furthermore, no cases of stent thrombosis were reported after six months in the E-IV trial. Broad clinical performance consistent with preceding clinical evidence Also reported at TCT was a 12-month, interim analysis of the first 1,989 patients enrolled in ENDEAVOR Five (E-Five), a prospective international registry providing a real-world performance and safety evaluation of the Endeavor stent in markets where it is already commercially available. The primary endpoint of E-Five is MACE (a composite of Major Adverse Cardiac Events) at 12 months. The interim results of E-Five on nearly 2,000 patients demonstrate further consistency with the preceding clinical trial program. A low rate of MACE (7.0%) was observed, as was a low rate of target lesion revascularization (TLR) of 3.8%. The complete 12-month results on all 8,260 patients will be presented at EuroPCR in May. Importantly in E-Five, this consistency in performance and safety has also been observed in more complex patients. For E-Five, 34% of the patients had diabetes and 62% had complex lesions. Despite this complexity, the safety profile previously observed is reinforced by these data. Cardiac death was observed at only 2.0%, myocardial infarction at 1.3% and stent thrombosis of only 1.1%. Prepared for full-scale commercial launch ?These results are tremendous, building upon what was already a substantial body of data demonstrating the clinical effectiveness expected from drug-eluting stents but with a safety profile more commonly associated with their bare-metal stent predecessors,? said Scott Ward, president of the CardioVascular business at Medtronic. ?Our data indicate that Endeavor will fill an important and unique gap in vascular therapy, and that many thousands of patients will ultimately benefit from Endeavor?s performance characteristics,? Ward added. ?Following the panel?s recommendation we are confident of approval before the end of this calendar year.? |
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bengster68
Master |
23-Oct-2007 00:21
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The indon news and TCT news so far are not big news. However, JWMS's CREATE clinical trial involving 2000 patients with very low MACE rate is really good news. Also, according to the audio symposium that i listened and posted earlier, Biomatrix's MACE rate at 9 months is 1.9% vs Cypher's 4.1% is also very good news. These clinical end-point measurements are what JNJ or any would be acquirers are looking for. If Biomatrix performs average only in clinical trials, JNJ will not buy BIG. I said before when NOBORI 1 phase 1 was announced last October, JNJ was so impressed with BIG's stent technology that an offer to takeover came soon after. Biomatrix must perform very well in Randomised Controlled Trials (RCT) to really impress the industry experts. Im sure Biomatrix can do it. BIG must announce NOBORI 1 phase 2 and LEADERS RCT and these 2 trials are considered very very important news. It shows how good Biomatrix really is when compared to current market DES leaders. |
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jackjames
Elite |
22-Oct-2007 22:00
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will the news excite some buying tomorrow? what do u guys think? |
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Maxximo
Member |
22-Oct-2007 21:48
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Well, i've waited for so long ....... getting a bit "xian" .... But BIG chart is not looking promising at this moment, may due to the black monday effect and also, big boys has yet to come in move the counter ... Also crucial is that the overseas stock Xchange Hse (DJ, NYSE ...) dun crash tonite. Then, we will off to a smooth sailing Hope that there will be improvement after the black monday effect. I'm eager to see how the market open tomorrow. Didn't manage to get BIG today .... try again tomorrow. Cheers ..... |
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bengster68
Master |
22-Oct-2007 21:39
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Expected CE date is end Oct. However, I could be wrong and it could come out early November in case there is a slight delay. If by mid-Nov still no CE approval means jialat hung kan liao. PT Fondaco is to tackle private hospitals for higher end DES like Biomatrix. BIG's earlier deal with PT Kimia Farma is to tackle mainly government hospitals for lower end stent like S-stent BMS. BIG has to start preparing distribution channels as direct as possible in key Asia countries like China, Indonesia, India. These are very huge population and going by sheer population size, these countries has the most untapped potential. We should just a couple of days more for the NOBORI announcement. If this trial result is very good, I think CE will be a certainty this time round. I expect BIG to do some more news announcements very soon. |
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tiptop123
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22-Oct-2007 20:58
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Look like BIG's management is pretty confident that they would get their CE approval soon!!!! |
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cwwan1
Member |
22-Oct-2007 19:38
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Latest news - acqusition by Bio into indonesia mkt. looks like bio is increasing mkt share even before CE mark announcement. SGX announcement 6.15pm. I think the next one will be INDIA |
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bengster68
Master |
22-Oct-2007 14:09
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I think tomorrow BIG will announce NOBORI results after Terumo made their announcement. The trial is conducted by Terumo and BIG cannot announce before Terumo. I tried to check Terumo's webpage just now but nothing came out. BIG ismoving up now......... Im still disappointed how come no partial 6 months LEADERS results announcement. |
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jackjames
Elite |
22-Oct-2007 14:03
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bengster, u might be right, biosensor got some movements now, ha ha.. |
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bengster68
Master |
22-Oct-2007 13:39
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BIG posted trial results announcements to SGX already. But no NOBORI and LEADERS results yet (which i feel is the most important assessment for BIG's stent technology). I think BIG can only announce NOBORI after Terumo make the announcement. BIG is a winner in the making. JWMS really has the potential to be number one in China. |
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bengster68
Master |
22-Oct-2007 12:38
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Stealth1 3 years results very good. No late thrombosis, TLR, MACE rate remains the about the same. Stealth PK results good, BEACON good, NOBORI 1 still good, NOBORI 1 ph 2 is good. Note: NOBORI 1 phase 2 is RCT against Cypher DES, not Taxus Liberte. MACE rate is 1.9% for Biomatrix vs 4.1% for Cypher at 9 months. All cases studied under BIG group and licensees reported no late-thrombosis problem. BIG's DES performance is indeed the best in the market. |
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bengster68
Master |
22-Oct-2007 12:13
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Now listening to symposium. I heard the PR guy in BIG is not attending TCT in Washington so i thought he may post it immeditaely before trading this morning. Hope i can post some results for you guys here before BIG post it up. Now Renu Virmani presenting. Next will be Prof Grube will present the results. |
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eastwest
Member |
22-Oct-2007 11:56
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I am waiting patiently and hoping that the trial results are excellent. One good thing is that there appears to be fewer punters now. This stock is for the long haul investors. But this company 's PR acumen not very good - if have good news on trial results, should HALT ! If no halt, impression is that the clinical trials are no big deal. |
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dvdtsk
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22-Oct-2007 11:22
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Hope that BIG's data release will be good...Below data release from Xtent... WASHINGTON (Dow Jones)--Data released Sunday from a 100-patient study on a new drug-coated stent heart device made by Xtent Inc. (XTNT) show no new major heart events between six and 12 months. The study, called Custom II, showed that the rate of major adverse heart events, such as heart attack and death, remained at 9% after 12 months. Also, there are still no cases of late stent thrombosis, or dangerous late-developing clots related to stents, at the one-year mark for Xtent's Custom NX stent. The rate of major complications in the Custom II study is lower than the rate seen in some studies of similarly complex patients with different stents. The new data were presented in Washington at the annual Transcatheter Cardiovascular Therapeutics conference, which is sponsored by the Cardiovascular Research Foundation. Later Sunday, the company released two-year data from the small 30-patient Custom I study that showed no new major adverse events and no cases of stent-related clots between one and two years. Xtent, a small Menlo Park, Calif., company, is building up evidence for its device in the hopes of winning regulatory approval and entering the European marketplace in late 2008 and the U.S. in 2010. Xtent had an initial public offering in January. Coronary stents are tiny mesh devices that act as scaffolding for heart arteries, and drug-coated devices like Xtent's Custom NX use medication attached with a polymer to fend off renarrowing that can occur after stents are implanted. Xtent uses a drug and polymer licensed from Biosensors International Group Ltd. (B20.SG). The polymer is designed to disappear over time, effectively turning the stent into a bare-metal device. The catheter that delivers Xtent's device to heart arteries holds a very long stent, protected by a sheath, which doctors can cut to size on site to cover the lesion, or area of the artery that needs treatment. The system also allows doctors to deploy one stent, send the catheter into another branch of the heart arteries, and then deploy another one. The Custom II trial targets patients with complex and sometimes hard-to-treat problems. Slightly more than two-thirds of patients in the study had long lesions, and the remaining patients had two lesions. Shares of Xtent closed at $9.87 on Friday after slipping 13 cents. -By Jon Kamp, Dow Jones Newswires; 312-750-4129; jon.kamp@dowjones.com |
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bengster68
Master |
22-Oct-2007 11:02
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I was listening to their live symposium just now. They were talking about Xtent and Devax, then kena cut off. The symposium will end at 11am (Singapore time). I thought BIG will post the trial results before trading starts since they presented all the trial results at 3.30am to 6am (Singapore time) in Washington DC. They better focking put up the trial results today and turn the stock price positive back in territory. Sar hoon tee ju thia, chit hoon koh par piah. (30% depends of heavenly stars, 70% depends on your own hardwork). Tua Pei Kong & Tee Kong better pray for wealth and prosperity to make up for the 30% BIG must be lacking. Everybody be patient a bit (including myself). We see the clinical trial results that BIG will post later. If the results are jialat, then forumers getting disappointed with me i also no word to say. |
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cwwan1
Member |
22-Oct-2007 10:33
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Friend, relax... |
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poppy_toyz
Member |
22-Oct-2007 10:28
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Relax..... Today is not the day to release the good news. If I'm the CEO, I wouldn't want to release a good news on a black day. No matter how good a news is, the share will still plunge due to the Black Monday 20th anniversary. Might as well wait for the storm to calm down then release. Maybe the chance of a surge will be higher. |
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ironside
Member |
22-Oct-2007 10:10
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Bengster68, Your credibility is down the drain. Last week you wrote as if you really know the company well, the manner you word your mail were so sure! Now you started to talk about Tua Pei Kong. You are a disappointment !!!! |
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bengster68
Master |
22-Oct-2007 09:22
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Where the hell is the trial reports presentated at TCT? Why haven't BIG put it up now? Damn suay company man, going to announce news then kenas global sell-down again. I think the CEO better go and pray to Tua Pei Kong. Very bad luck company. |
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Maxximo
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22-Oct-2007 00:20
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For me, this is pretty simple. The downside of BIG is quite limited with tis current pricing ... but the upside potential will be very promising if things goes well according to what Bengster68 is looking forward ... So, why not grab some now and hope for the turnaround ... i personnally think this is a worth calculated risk .... Cheers to ALL BIG followers ...... |
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