Latest Forum Topics / Biosensors | Post Reply |
Is Biosensors a good buy?
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allright
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27-Sep-2010 10:45
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Macquarie is listing a new warrant over Biosensors this morning. Call BiosensoMBLeCW110202 (L9ZW) exercise price $1.20.* |
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gbleng
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27-Sep-2010 10:25
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1.03 is proving to be a strong resistance.... | ||||
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topdog22
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27-Sep-2010 08:33
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tiptop123
Member |
26-Sep-2010 13:32
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Written by Justine Cadet
September 25, 2010 WASHINGTON, D.C.--BioFreedom, a polymer-free drug-eluting stent (DES) from Biosensors International, showed a strong safety profile, compared with the Taxus paclitaxel-eluting stent (Boston Scientific), whcih contains a durable polymer, based on the one-year results of the first-in-man BioFreedom presented as a late-breaking trial at the annual Transcatheter Cardiovascular Therapeutics (TCT) conference. The BioFreedom features a micro-structured abluminal surface, which allows the release of Biolimus A9 without the use of a polymer. There were two versions of the stent used in the trial--the BioFreedom low dose and the BioFreedom standard dose. Principal investigator Eberhard Grube, MD, from the International Heart Center Essen in Germany, said that he and the BioFreedom investigators hypothesized that a polymer-free drug release via porous-eluting stents may reduce late events caused by polymer stent coatings. The researchers speculated that with this new stent design the potential advantages could be:
The trial enrolled 182 patients. The first cohort of 75 participants were randomized to the BioFreedom standard dose of 15.6 µg/mm (25 patients), the BioFreedom low dose of 7.8 µg/mm (26 patients) or the Taxus Liberté (24 patients) for a four-month angiographic follow-up. The second cohort of 107 participants were randomized to the BioFreedom standard dose of 15.6 µg/mm (35 patients), the BioFreedom low dose of 7.8 µg/mm (36 patients) or the Taxus Liberté (36 patients) for a 12-month angiographic follow-up. The angiographic follow-up rate in both cohorts was 92 percent. The primary endpoint was in-stent late lumen loss at 12 months in the second cohort. (The non-inferiority margin was 0.24 mm.) The secondary endpoint was in-stent late lumen loss at four months in the second cohort, the results of which were reported at the 2009 TCT conference. Another secondary endpoint was the 12-month major adverse cardiac event (MACE) rate—which included death, MI emergent bypass or target lesion revascularization—in both cohorts. Dual-antiplatelet therapy was recommended for a minimum of six months. The in-stent late lumen loss of the second cohort met “our non-inferior criteria,” Grube noted. For the primary endpoint, the rates were 1.7 in the BioFreedom standard dose arm, 0.22 in the BioFreedom low dose arm and 0.35 in the Taxus arm. Therefore, the BioFreedom standard dose, compared with the Taxus stent met the statistically significance of non-inferiority, with a trend toward superiority. For the secondary endpoint of the one-year MACE for both cohorts, the rates were 6.1 percent in the BioFreedom standard dose arm, 11.6 percent in the BioFreedom low dose arm and 5.5 percent in the Taxus arm. “Both BioFreedom standard dose and BioFreedom low dose demonstrated sustained safety up to 12 months, including an absence of stent thrombosis,” Grube reported. “The BioFreedom polymer-free drug-coated stent demonstrated comparable efficacy in inhibiting neointimal hyperplasia (as assessed by independent QCA analysis) compared with the paclitaxel-eluting stent at 12 months." Grube acknowledged that the BioFreedom would be "intriguing" to compare to the market-dominant Xience V everolimus-eluting stent. At the time this trial began, Taxus was the most commonly used and considered superior among the first-generation stents. However, he added that larger trials with longer term follow-up are warranted to confirm these encouraging results. |
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gbleng
Member |
26-Sep-2010 10:43
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Any news on BioFreedom? | ||||
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iApple
Member |
26-Sep-2010 00:40
Yells: "trade to learn,learn to trade? " |
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ShiFu...whahha...finally u appear in this ... Need ur wise words....ohmmmmm.....
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topdog22
Senior |
25-Sep-2010 23:53
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Senior: Thoughtful analysis - One that Nomura will probably mimic during their re-rating. What has not been accounted for and perhaps at this time has little value, is the proprietary superior technology possessed by BIG. Articles and analyses indicate that China Market does not place a premium value on slightly superior patient outcome like Japan & US market do. BUT based on recent Microport trading action, mkt does value execution and revenue. BIG seems to have "gotten it together" growing sales and profits. BIG's profit growth should accelerate with closing of US office and the income tax expense associated with US presense. My personal opinion is that Microport perhaps somewhat overvalued and BIG somewhat undervalued. Are invetors going to arb these two counters until values close?? | ||||
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investor
Senior |
25-Sep-2010 23:31
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My apologies, the net profit for Biosensors in Q1 2011 (end Jun 2010) should be US$9.9m (excluding one-time write-offs) and not S$9.9m. That is the net profit is approx S$13 m. ALso, since the number of shares for Microport is 1.404 billion vs Biosensors number of shares at approx 1 billion, the earnings per share for Microport is approx 1.07 cents Sing, vs 1.3 cents Sing for Biosensors for their respective qtrs (using net profit divided by number of shares). That is, Biosensors actually earns more than Microport, in terms of earning per share. Again, these numbers are crunch using approximations and they may or may not be subject to errors. Info about Microport is gotten from their prospectus. For info - Not a call to buy/sell. |
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investor
Senior |
25-Sep-2010 16:23
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Some interesting facts about the Microport IPO. The IPO price at HK$6.10 represents a mkt cap of HK$8.56 Billion or aprox S$1.5 Billion, using an exchange rate of 0.175. At closing price of HK$8.29, mkt cap = HK$11.6 Billion = S$2.0 Billion approx. Number of shares in issue is approx 1.404 Billion, and earnings (net Profit) for Q1 2010 (end Mar 2010) is 80 million RMB, based on revenue of 176 million RMB. That is net profit in Sing $ is $15 million (taking ex rate of 0.19). Comparing against JW Medical, JW net profit is approx 70 million RMB for Q2 2010 (data taken from Shangdong Weigao Q2 results - profit of 34.9 million RMB x 2) That is, Microport's net profit of 80m RMB (Q1 2010) is quite close to JW profit of 70m RMB (however it is Q2 2010), and better than Biosensor's net profit of S$9.9m (excluding one-time writeoffs). However, Microport's mkt cap of S$ 2.0 billion is twice that of Biosensors, which at closing price of 1.01 is approx S$1 billion. It remains to be seen, whether in the next few weeks, the share price of Microport can be maintain at this level, which would imply that Microport is overvalued or Biosensor's share price is undervalued. OR the mkt has more confidence that Microport's fundamentals are stronger than Biosensors. Some general facts and figures - Not a call to buy/sell. |
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iPunter
Supreme |
25-Sep-2010 11:18
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If they know, they would have 'mau' on it... rather than tell you.. hehe.. |
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iApple
Member |
25-Sep-2010 00:24
Yells: "trade to learn,learn to trade? " |
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today price strength is not strong...may i know ...it's peak? so just adjusting only? |
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XiaoMaGe888
Senior |
24-Sep-2010 16:39
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Thanks bro limkt009, If BIG good,I good lah!!!
CHEERS.
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limkt009
Veteran |
24-Sep-2010 16:32
Yells: "Watch your front, grab $$$$$ at your own time" |
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little horse bro, long time no hear from you, how have you been? | ||||
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XiaoMaGe888
Senior |
24-Sep-2010 16:26
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MICO 8.30HKD and Dow Future 4.22pm +40 points BIG should Lai Liao!!!!!!!!!!!!! |
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james87
Veteran |
24-Sep-2010 16:22
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Took profit today. Similarly, will buy back later |
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starlene
Elite |
24-Sep-2010 12:34
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Take profits all news in liao,...buy bk cheaper later | ||||
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gbleng
Member |
24-Sep-2010 11:54
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All the news baked in already, just waiting for the next catalyst.....
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WeiQiQi
Member |
24-Sep-2010 10:59
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DJ MARKET TALK:Biosensors +1.0% On MicroPort Debut,Stent Findings (2010/09/24 10:19AM)
0219 GMT [Dow Jones] Biosensors (B20.SG) +1.0% at S$1.03, extending 6.3% rise since start of this week, supported by HK listing of MicroPort Scientific (0853.HK), maker of equipment used in keyhole surgery, which started trading today. Recent interest also underpinned by several positive announcements by Biosensors since last week, including findings affirming efficiency of its stent systems. "While the positive data is not a surprise to us given that two-year data has already proven its safety and efficacy, we believe it is re-affirmative and should drive incremental market share gains," says Nomura, which has Buy call with S$1.20 target. Tips stent-maker''s upcoming BioFreedom stent as next catalyst for shares; "a potentially positive data set (on BioFreedom) will underpin Biosensors'' long-term competitiveness and may open doors to the U.S. drug-eluting stent market." Orderbook quotes tip minimal upside beyond new 52-week high of S$1.05 set in early trade. (frankie.ho@dowjones.com) |
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iApple
Member |
24-Sep-2010 10:51
Yells: "trade to learn,learn to trade? " |
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OMG....0853.HK ( Mircoport ) is now hk$7.73...u guys can check it out via www.yahoo.com.hk (finance) a bit time lag...too bad i run out of $$$...otherwise i will buy that too... |
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francisd
Veteran |
24-Sep-2010 10:51
Yells: "BUY LOW SELL HIGH" |
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MICRO 7.85 HKD, DAY HIGH .... | ||||
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