
Thats good news as they still believe in this share.
 
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): * |
  |
|
> > 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 | ||||||||||||||
  |
 
 
 
|
> > 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 |
|
4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
|
> > 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 |
|
Attachments |
Total size = 0 (2048K size limit recommended) |
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:
|
junction ( Date: 31-May-2011 14:46) Posted:
|
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.
infancybird ( Date: 30-May-2011 17:39) Posted:
|
rogeryap ( Date: 31-May-2011 08:26) Posted:
|
allright ( Date: 30-May-2011 17:14) Posted:
|
rogeryap ( Date: 27-May-2011 17:25) Posted:
|
Less stent thrombosis with biodegradable vs permanent polymers: Meta-analysis
May 20, 2011 | Shelley Wood 
 
 
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."
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.
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.
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.
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.
 
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?
 
rogeryap ( Date: 27-May-2011 17:25) Posted:
|
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!! :(
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??