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Is Biosensors a good buy?

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allright
    02-Jun-2011 10:00  
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Thats good news as they still believe in this share.

 
 
 
tiptop123
    01-Jun-2011 22:08  
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Name of Announcer * BIOSENSORS INT'L GROUP, LTD.  
Company Registration No. EC 24983  
Announcement submitted on behalf of BIOSENSORS INT'L GROUP, LTD.  
Announcement is submitted with respect to * BIOSENSORS INT'L GROUP, LTD.  
Announcement is submitted by * YOH-CHIE LU  
Designation * CHAIRMAN  
Date & Time of Broadcast 01-Jun-2011 17:15:51  
Announcement No. 00069  
 
 
> > ANNOUNCEMENT DETAILS
The details of the announcement start here ...
 
> > PART I
 
1.Date of notice to issuer * 01-06-2011  
 
2.Name of Substantial Shareholder * (1) FMR LLC (2) FIL Limited and (3) Edward C. Johnson 3d  
 
3.Please tick one or more appropriate box(es): *
 
  • Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
  •  
     
    > > PART II
     
    1.Date of change of [Select Option]  
     
    2.Name of Registered Holder  
     
    3.Circumstance(s) giving rise to the interest or change in interest [Select Option]  
      # Please specify details
       
     
    4.Information relating to shares held in the name of the Registered Holder
     
    No. of [Select Option] held before the change  
    As a percentage of issued share capital %
     
    No. of N.A. which are subject of this notice  
    As a percentage of issued share capital %
     
    Amount of consideration (excluding brokerage and stamp duties) per share paid or received  
     
    No. of N.A. held after the change  
    As a percentage of issued share capital %
     
     
    > > PART III
     
    1.Date of change of Deemed Interest 30-05-2011  
     
    2.The change in the percentage level From 6.97 % To 7.06 %
     
    3.Circumstance(s) giving rise to the interest or change in interest Open Market Purchase  
      # Please specify details
    The substantial shareholders are deemed to have an interest, by virtue of Section 7(4) of the Companies Act, Chapter 50 of Singapore, in shares acquired by the Registered Holders. See below footnote for list of Registered Holders.  
     
    4.A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:
    Change in percentage level is the result of a transaction on 30 May 2011.  
     
     
    > > PART IV
     
    1.Holdings of Substantial Shareholder , including direct and deemed interest :
     
    Direct
    Deemed
    No. of shares held before the change 0   93,520,000  
    As a percentage of issued share capital 0 % 6.97 %
    No. of shares held after the change 0   94,764,000  
    As a percentage of issued share capital 0 % 7.06 %
     
    Footnotes
    Name of Registered Holders are:
    FID FDS - SOUTHEAST ASIA POOL
    FID FDS - ASEAN POOL
    FID FDS - PACIFIC POOL
    FIDELITY SOUTH EAST ASIA FUND
    FID FDS - SINGAPORE POOL
    FID ASIA PACIFIC EX-JAP PLT 2
    FA INT SOUTH EAST ASIA SUB
    FID INFORMTN TECH CENTRAL FD
    FID KOREA ASEAN EQ IT MTHR
    SELECT TECHNOLOGY
    FIJ IT JPN ASIA GROWTH MOTHER
    VIP TECHNOLOGY PORTFOLIO
    FA TECHNOLOGY FUND
    FID PACIFIC BASIN FUND

    In this notification, the percentage of shareholding is expressed based on 1,342,266,681 ordinary shares of the Company as at 30 May 2011.
     
     
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    metaphoricsymbol
        01-Jun-2011 10:09  
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    When there is a deal price will always plunge first - this because the deals are at discount to last 7 days of trading, and also end up diluting the stock. It will require more infomation to clarify the deal and analysts assurance before price starts moving up.

    So if similar  thing coming - can expect price to continue to be pushed down, and then when news first released - price drop further. That time can buy cheap before price starts to rebound and go higher.

    gbleng      ( Date: 31-May-2011 17:06) Posted:

    If you are right then we should hang on... look what happened after the Hony and ATLANTIS Deals. The price will recover and spike up. SOME BIG BOYS MAKING A MOVE ON BIG???

    junction      ( Date: 31-May-2011 14:46) Posted:

    The last time they pushed the price down then offer new corporate investors discount somemore.  this management never takes care of small investors, only caters to big and selected investors.  Before that they offer corporate investors 8.5% bond with convertable warrants at less than 70 cents.  Is there any way to find out who the benefiaciaries of these very generous offers were?  SGX should investigate them


     

     
    gbleng
        31-May-2011 17:06  
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    If you are right then we should hang on... look what happened after the Hony and ATLANTIS Deals. The price will recover and spike up. SOME BIG BOYS MAKING A MOVE ON BIG???

    junction      ( Date: 31-May-2011 14:46) Posted:

    The last time they pushed the price down then offer new corporate investors discount somemore.  this management never takes care of small investors, only caters to big and selected investors.  Before that they offer corporate investors 8.5% bond with convertable warrants at less than 70 cents.  Is there any way to find out who the benefiaciaries of these very generous offers were?  SGX should investigate them.

    infancybird      ( Date: 30-May-2011 17:39) Posted:

    Anyone can speculate what is the motive behind such last second matching sales to suppress the price  since 2th May by the big boys? Something big coming ?


     
     
    rogeryap
        31-May-2011 15:27  
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    the only reason i can think of is they r " making" volume.

    People r still willing to buy.  When someone bomb, they buy up quickly.
     
     
    junction
        31-May-2011 14:46  
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    The last time they pushed the price down then offer new corporate investors discount somemore.  this management never takes care of small investors, only caters to big and selected investors.  Before that they offer corporate investors 8.5% bond with convertable warrants at less than 70 cents.  Is there any way to find out who the benefiaciaries of these very generous offers were?  SGX should investigate them.

    infancybird      ( Date: 30-May-2011 17:39) Posted:

    Anyone can speculate what is the motive behind such last second matching sales to suppress the price  since 2th May by the big boys? Something big coming ??

    allright      ( Date: 30-May-2011 17:14) Posted:

    You are right. Someone did it again today. Last minute of matching and it was thrown down to $1.2


     

     
    allright
        31-May-2011 14:11  
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    Thats for employee options right?

    rogeryap      ( Date: 31-May-2011 08:26) Posted:

    does  it have anything to do with the upcoming meeting?

     
     
    rogeryap
        31-May-2011 08:26  
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    does  it have anything to do with the upcoming meeting?
     
     
    infancybird
        30-May-2011 17:39  
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    Anyone can speculate what is the motive behind such last second matching sales to suppress the price  since 2th May by the big boys? Something big coming ??

    allright      ( Date: 30-May-2011 17:14) Posted:

    You are right. Someone did it again today. Last minute of matching and it was thrown down to $1.29

    rogeryap      ( Date: 27-May-2011 17:25) Posted:

    dun understand y Bio kena selldown at last 10 seconds during matching for the past 2 days...seems like BB wants to push prices down, i watch the market depth, they appear at the very last 10 seconds of matching!!!


     
     
    allright
        30-May-2011 17:14  
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    You are right. Someone did it again today. Last minute of matching and it was thrown down to $1.29

    rogeryap      ( Date: 27-May-2011 17:25) Posted:

    dun understand y Bio kena selldown at last 10 seconds during matching for the past 2 days...seems like BB wants to push prices down, i watch the market depth, they appear at the very last 10 seconds of matching!!!

     

     
    swissvic
        29-May-2011 09:05  
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    Thrombosis

    Less stent thrombosis with biodegradable vs permanent polymers: Meta-analysis

    May 20, 2011 | Shelley Wood



     

     

    Paris, France (corrected) - It's long been speculated, but never proven: now a new meta-analysis with three-year data is offering the first solid proof that drug-eluting stents (DES) with bioerodable polymers are associated with less stent thrombosis and better clinical outcomes than stents with permanent polymers.

     

    Rates of stent thrombosis were 50% lower with the bioerodable polymer stents, said Dr Robert Byrne (Deutsches Herzzentrum, Munich, Germany), who presented the study results during a late-breaking science session here Friday at EuroPCR 2011.

    Byrne pointed out that the whole rationale behind using a biodegradable polymer is that it can help control drug release but won't be left behind on the stent, which may aggravate the healing process.

    " The issue to date has been that because late adverse events are very rare, we need large numbers of patients so we can detect any differences," he said. " I think this is probably the first time that we've detected a clear signal toward reduced clinical events. It may be that these differences only start to emerge or we can only tease them out after three years, and earlier time points aren't really showing the benefit of these platforms."

    Byrne and colleagues combined data from three randomized trials of stents with bioerodable polymers: ISAR-TEST-3 and ISAR-TEST-4, both of which studied the Yukon Choice PC stent (Translumina Therapeutics), and the LEADERS study of biolimus-eluting Biomatrix Flex stent (Biosensors International). All three studies used the Cypher sirolimus-eluting stent for comparison. In all, 2358 patients received a biodegradable-polymer stent and 1704 received a Cypher stent.

    At three years, rates of definite stent thrombosis were significantly lower in the biodegradable-stent group, at 1.2%, than in the permanent-polymer group, at 2.1% (hazard ratio 0.50, p=0.013). Despite the fact that the trials used different polymers and different drugs, tests showed little heterogeneity between study results, Byrne said.

    Clinical outcomes at three years also tilted in favor of the biodegradable polymer stents, with the composite primary end point, made up of cardiac death, MI, and target lesion revascularization, reaching 18.2% for the patients treated with the biodegradable-polymer stents and 20.1% in the permanent-polymer group (hazard ratio 0.85, p=0.04).

    " With a biodegradable polymer DES, when we analyze large numbers of patients, we can see a clear signal toward reduced late adverse events, and we see overall improved cardiovascular outcomes," Byrne said. " We have two different biodegradable polymers in this study, [yet] the results seem consistent."

    Newer-generation DES produced by the " big three" stent manufacturers have not moved to biodegradable polymers, although polymer technology is an arena of fast-paced change. Asked if he thought improvements in permanent polymers could ultimately match the promise of a polymer that disappears altogether, Byrne was skeptical.

    " I think you can try many different modifications to improve biocompatibility, but with durable polymers, you will still have polyfragments persisting long term in the vessel wall, and these can induce inflammatory reactions," he told heartwire. " I'm not sure that simply enhancing the biocompatibility of durable polymers will necessarily result in improved longer-term outcomes."

    Whether bioerodable stents retain this edge when compared against newer stent designs remains to be seen. A similar analysis, comparing pooled results against the Xience stent, is to be presented at this year's upcoming European Society of Cardiology meeting.

    Byrne acknowledged that the absolute difference in the rate of the primary end point between the two groups was small, in the range of 2%. " But what was interesting was really some of the differences in stent-thrombosis rates—it's the first time we've seen a signal that's been statistically significant."

     
     
    investor
        28-May-2011 17:12  
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    A few more pieces of information from the Q4 conf call.

    When asked, about the penetration rate for the Biomatrix, Jeff Jump says that they 'certainly are' growing the top-line (ie revenue) and they are doing so well, that he does not want to give exact figures, so as not to reveal too much. (to competitors, I presume).

    When asked about the strategy in US and China, he says that their goal is to get'clarity' in these areas, and that they are progressing, but he is not prepared to speak at this moment.

    He says that they are in discussion with other parties and that it should be addressed during the course of this year.

    If you noticed, Biosensors has announced a 10,000 patients trial, mainly concentrating in Europe, and they have not said anything about the US mkt.

    This probably ties in with the fact that they MUST BE in discussions with other companies to tackle the US mkt, without Biosensors having to spend cash in this area.

    Again, some conjectures. Not a call to buy/sell.
     
     
    investor
        28-May-2011 17:01  
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    In the Q4 conf call, CEO Jeff jump says that the Axcess bifurcation DES has the best result ever seen with a bifurcation stent.

    Currently, THERE IS NO bifurcated DES in the mkt at all. Therfore, I sense that there is a great opportunity for Biosensors to promote this product quickly, so as to gain a dominant mkt share, before other products are available.

    There are other non-DES products in the mkt, that seems to be quite good, eg the Tryton side branch stent (bare metal stent), that allows treatment of the side branch, with no impediment to the main branch.

    Current problem with bifurcated issues, are that conventional DES are used, with special techniques like 'T-stenting', 'Kissing technique', etc, but some of these techniques result in 'jailing' of the side branch. ie the doctor subsequently has no access to the side branch, as well as laying of 'wire upon wire', such that one doctor has ever mentioned that he can hardly recognise the vessel, after all the contortions !

    SO, the Devax Axcess DES appears to be an elegant solution to bifurcated vessels, and inexperienced doctors can easily use it, without having to master difficult techniques like 'T-stenting, Kissing', etc. AND let us hope that it will take the mkt by 'storm', whem it is launched.

    A personal opinion. FOr info, Not a call to buy/sell.
     
     
    tbt001
        28-May-2011 14:18  
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    I think many people have underestimated the impact of Axxess.  Yes, it won't have much impact in FYE Mar 2012 but from FYE 2013 onwards I expect it to be not insignificant.  I also expect a US approval for this stent (not soon) unlike BioMatrix.
     
     
    JustForFun
        27-May-2011 22:41  
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    a.  What is the progress on the commercial launch of the
    Devax Axxess bifurcation stent?  Has there been a slight
    delay in the launch date?  Wasn't the target launch date
    some time during EuroPCR?  What is the expected US
    launch date? 
    previously it was stated that Axxess DES will be launched during EuroPCR but it has now been postphoned to launch at TCT (7-11 Nov 2011).

    Axxess DES will only be launched in countries that recognise the CE mark...not in US.  Axxess not expected to have a major impact on it's financial in the short term.


    b.  What is the expected royalty contribution from the
    sales of Nobori in Japan?  What is the royalty % rate?
    Don't expect Biosensors to divulge the royalty rate....but market rate at about 30-40%


    c.  What is the expected timeframe for the  approval of
    BioMatrix in China?  Is it nearer 1 year or 3 years?

    Biosensors also got no idea when they can get approval in China.


    d.  When will BioFreedom get the CE mark?  When will
    be the expected launch?
    BioFreedom may  get the CE approval  during FY2012.


    e.  What is the estimated or budgeted cost for the Global
    LEADERS trial?  Will it be in excess of US$10 mil?
    The Global LEADERS trial is still in the planning stage...no estimated cost yet. Cost  to be spread over 5 years with majority at 2-3 years.



     


     

     
    tbt001
        27-May-2011 21:47  
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    Some questions for the forthcoming General Meeting:

    a.  What is the progress on the commercial launch of the
    Devax Axxess bifurcation stent?  Has there been a slight
    delay in the launch date?  Wasn't the target launch date
    some time during EuroPCR?  What is the expected US
    launch date? 

    b.  What is the expected royalty contribution from the
    sales of Nobori in Japan?  What is the royalty % rate?

    c.  What is the expected timeframe for the approval of
    BioMatrix in China?  Is it nearer 1 year or 3 years?

    d.  When will BioFreedom get the CE mark?  When will
    be the expected launch?

    e.  What is the estimated or budgeted cost for the Global
    LEADERS trial?  Will it be in excess of US$10 mil?

     
     
     
    infancybird
        27-May-2011 20:56  
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    I noticed that too. it happened on the 26th and 27th May at a block lot of about 970,000 shares as the last traded transection which obviously is to push the price down from 1.35 to 1.32  on 26th and form 1.32 to 1.31 today. All happened as the last trade. May be someone big is suppressing the price to  accumulate the stock before it shot up further. 

    rogeryap      ( Date: 27-May-2011 17:25) Posted:

    dun understand y Bio kena selldown at last 10 seconds during matching for the past 2 days...seems like BB wants to push prices down, i watch the market depth, they appear at the very last 10 seconds of matching!!!

     
     
    rogeryap
        27-May-2011 18:17  
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    Biosensors Int'l Group: HOLD (downgrade from BUY) S$1.32 Bloomberg Code: BIG SP
    Japan priced in, upside limited
    Price Target : 12-Month S$ 1.40 (Prev S$ 1.35)

    by: DBS

    · FY11 earnings were above expectations
    · Japan approvals priced in China approvals will be next, but we believe it may not happen soon
    · Downgrade to HOLD on limited upside to S$1.40 TP.
    Margin was better than expected. FY11 earnings came in above our expectations. Revenue was in line at US$156m, while earnings were above expectations, rising 35% to reach US$43m arising from better gross margins and lower operating expenses versus our forecasts. Admin expenses dipped by 7% to US$17.7m while R& D expenses rose by a slower rate (US$16.1m, +23%) vs topline growth. Results were driven by strong sales (+66%) from drug eluting stents. FY11 gross margin was 77%, ahead of our estimates of 74% as Terumo licensing revenues contributed a higher proportion of overall sales.
    Japan approvals priced in. As announced previously, BIG’s partner, Terumo Corporation, has obtained approval from Japan’s Ministry of Health, Labor and Welfare (MHLW) to market the Nobori stent in Japan. We believe this was a key catalyst for recent re-rating of the counter, and the potential contribution has already been factored into our estimates. We would be looking out for the Group’s progress for product approvals in China, which could potentially be the next share price catalyst. But, at this stage, we believe it may not be forthcoming in the near/ immediate term.
    Downgrade to HOLD as upside is limited. We have raised our earnings for FY12F/FY13F by 20%/9.5% in view of the better gross margin expectations, as well as lowering our operating expenses expectations. We have not factored in effects of potential product approvals in China. Upside risk to our forecasts and recommendation arise from earlier-than-expect product approvals in China, accretive acquisitions from the deployment of its cash horde. Arising from our earnings revision, our SOTP-backed TP is raised to S$1.40, equating to 19x FY12F PER. With a limited upside of 6%, we are downgrade our recommendation to Hold.

    Tok kok! raise target price, bt downgrade to HOLD!! :(

     
     
    rogeryap
        27-May-2011 17:29  
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    DBS raised target price to 1.35 in april 2011.

    DBS just raised target price to 1.40 today.

    But they downgraded from Buy to hold. Cho Si Mi??
     
     
    rogeryap
        27-May-2011 17:25  
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    dun understand y Bio kena selldown at last 10 seconds during matching for the past 2 days...seems like BB wants to push prices down, i watch the market depth, they appear at the very last 10 seconds of matching!!!
     
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