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   Biotech / MedicalImmunomedics (IMMU) - moderated


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To: rodneyh07 who wrote (45914)4/26/2018 3:40:12 PM
From: idahoranch1
6 Recommendations   of 53430
 
There is little doubt in my mind that the 10 million shares of warrants that expire in Nov (If memory serves me) at $3.75 were shorted and are going to be there until expiration. But that leaves a lot of shorted shares unaccounted for. Some could be associated with the $100 million financing (convertible bonds) where 80% have been redeemed, so $20 million worth still out there for a couple more years. Then there are the shorts who are simply short and that’s the unknown. Personally, the more of the number that are those, the better. There will be a day of reckoning for those in the not to distant future and that will be a fun day for us. Could be a couple of months or could be on AA.

I don’t concern myself with the shorts anymore because I firmly believe we have a management team in place that is going to tranfer the pain of owning this stock from us, to them.

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To: idahoranch1 who wrote (45916)4/26/2018 5:42:27 PM
From: erickerickson
9 Recommendations   of 53430
 
I think the other interesting thing about the short numbers is the increase lately. The month of March saw, what, a 2M+ increase in short positions? I find it unlikely that those are covered. Unlike quite a number of the number of short shares we've had for a long time, these are much more risky.

I agree with Mr. Ranch though: Unlike in the past, I don't think they're as much of a concern for a number of reasons:

1> there's a higher percentage of shares held by institutions which I think are less inclined to panic. Witness the drop in March, no real "run for the exits" reactions.

2> 50% swings are harder to "encourage" by shorting at this point. IMMU's corporate strength is vastly improved; inducing panic is harder. We're not in danger of getting "going concern" letters.

3> Unlike in the past, someone shorting IMMU has to be concerned about a perfect storm of good news.

Likely/expected:
> BLA submission
> ASCO presentation
> BLA approval

Possible
> BTD for UC
> BTD (or good news) for hormone receptor positive breast cancer (WOW!)
> Partnerships for other compounds
> news about 132 for other indications

All the while without any fear that we'd run out of money before year's end (pick your year in the past). Spending will (and already has) increased, but there's a lot of money in the bank.

Not to mention the quality of the new people on boarded recently. It's hard to imagine they're either desperate or being fooled by smoke and mirrors; I'm pretty confident theres some "there" there.

And I do have to say I still have whiplash from how expectations are changing. In the past, any quick jumps were untrustworthy; I kept wondering when the bad news would come along and depress the price again.

Now we get good news and, well, I rather expect more good news. At least that's the hope.

And anyone notice that when we get good news it's much more likely that the price increases? What's with that? More whiplash...

Erick

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To: erickerickson who wrote (45917)4/26/2018 7:00:03 PM
From: duwhee
   of 53430
 
Good news was met with a wave of short selling and a drop in the share price because the smart money was on the ineptitude of the now defunct G dynasty.

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To: duwhee who wrote (45918)4/26/2018 9:06:01 PM
From: duwhee
   of 53430
 
I just wanted to use the word "defunct" in a sentence involving the G's.
My bucket list is shallow

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From: KeeptheFaith4/26/2018 9:21:40 PM
2 Recommendations   of 53430
 
Are the next 6 weeks the most important in IMMU history?

With exception of the Gold/White slate voting, I believe the next 6 weeks contain the most important time in IMMU history. One could argue the PIII data on Epratuzumab for Lupus; but I feel that was like a blind squirrel up to bat against MLB pitching.

The next 6 weeks holds:
AA filing TNBC
ASCO presentation for wider range of breast cancer use
Possible updates on UC or other indications

And we have a MLB batter standing in the box ready to take a swing vs the previous unmentionables. A sharp single with AA would be nice but you never know when we may hit one over the fence (I prefer not focus on negative results).

-KTF

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From: winners184/26/2018 10:24:13 PM
10 Recommendations   of 53430
 
start recruiting commercial team
immunomedics.com

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To: winners18 who wrote (45921)4/27/2018 7:58:56 AM
From: sogwap1
2 Recommendations   of 53430
 
Exciting times !

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To: winners18 who wrote (45921)4/27/2018 11:12:59 AM
From: Fitzhughlaw
9 Recommendations   of 53430
 
But wait - there's more! Posted today, and a position that would appear to be needed only if an entity had an approved drug (and is consonant with Pehl's remarks in the December of 2016 investor event when he mentioned the importance of reimbursement):

Senior Director Government Pricing and Market Access

Job Locations US-NJ-Morris Plains
Posted Date 4 hours ago(4/27/2018 7:07 AM)

Job ID 2018-1114 # of Openings 1 Category Marketing

Overview

We currently seek motivated professionals who share our passion for science and our dedication to improving the lives of cancer patients. The Sr. Director Government Pricing and Market Access, is a key leadership position within the Immunomedics commercial team. The position will report in to the Vice President Sales and Marketing. The responsibilities of this position are as follows:

Responsibilities

Responsible for overseeing the functions of government price calculation and reporting and commercial and government chargeback and rebate operations, including the people, process, policies, data and systems governing each of these functions. Provide leadership and serve as primary point of expertise in support of the build-out of Immunomedics’ government pricing, claims process, and chargebacks validation capabilities. Directly manage the outsourced services provider(s) that perform the below tasks:
  • All government pricing calculations (including, but not limited to the calculations and reporting of Best Price (BP), Average Manufacturer Price (AMP) (including both types of AMPs), Unit Rebate Amounts (URAs), Public Health Service price (340B/PHS), Average Sales Price (ASP), Non-Federal Average Manufacturer’s Price (Non FAMPs) (including wholesaler and non-wholesaler methods, Federal Ceiling Price (FCP), Federal Supply Schedule (FSS), and required state reporting for applicable products and submissions
  • FSS contract administration and management, including tracking customer monitoring, and IFF calculation and paymentMedicaid claims processing, including receipt, analysis, payment, and dispute resolutionAwarded State Supplementals programs claims processing, including receipt, analysis, payment, and dispute resolution
  • Tricare and Medicare Coverage Gap Discount Program claims processing and paymentCommercial managed care and Medicare Part D rebate claims processing and payment
  • Chargebacks validation in the form of COT assignment verification and contract eligibility management, including, but not limited to 340B/PHS and FSS contractsResponsible for tracking internally key information such as contract parameters and sharing the information with the outsourced service provider(s) so they are updated in a timely manner where it will not impact government price calculation development, chargeback and/or rebate processingManage and verify accuracy of all government price calculations, including submission of product, pricing, and other pertinent data (at a component level); working with the outsourced services provider(s) to ensure accuracy of the inputs and final price pointsManage and verify detailed data analysis of sales data, chargeback data, fee payment data, rebate data and other elements to ensure accuracy of the calculation and/explain variance differences

[Remainder of Description Omitted; source: immunomedics.com]

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To: Fitzhughlaw who wrote (45923)4/27/2018 11:40:17 AM
From: dorightbythem
1 Recommendation   of 53430
 
EU hires would be nice to see as well.

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From: dorightbythem4/27/2018 11:43:28 AM
5 Recommendations   of 53430
 
Curious to know; Poll: How many here received an Email from the Company with regards to Oral Presentation of 132 at ASCO ? Please recommend if answer is Yes.

Another nice change.

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