Thalassemia Patients and Friends
Discussion Forums => Thalassemia Major => Topic started by: Harshul on April 15, 2014, 02:45:30 AM
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Check this out guys. If you know any progress report, then please tell me.
http://www.bizjournals.com/boston/blog/bioflash/2014/03/bluebird-bio-begins-trial-of-second-drug-for-rare.html?page=all
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This is the gene therapy trial being run by Bluebird. Their is another trial going on in the US that has been going for a longer period. We expect an update by this summer.
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Hope they succeed. :thumbsup
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Summer is almost here. Hoping for the best
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Hoping for good results from the various trials taking place.
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Wishing all the patients on trial a very safe and success. I am thrilled to wait for the outcome.
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I saw the article and hope their trial is a success. The company is listed on NASDAQ, share is trading around $20, I am not sure if this company is in the business of making money or really thinking to benefit the thal patients. They expect to charge $450,000 (approx) for one treatment REALLY !!!!!!
$750MM in revenue first year, this does not sound right to me.
I question the way they project themselves.
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I too, have many questions about Bluebird. My requests for information about their process resulted in nothing more than a few emails back and forth and zero information being shared. This is the complete opposite of what we have grown accustomed to from Dr Sadelain. I don't want to make judgments based on this, but transparency would be appreciated and we are not getting that from Bluebird.
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Companies trying to make a buck is nothing new. Sadly, we all are "customers" to every product we use - be it Exjade or gene therapy - we will be charged too for it but that's okay. That's how this world works.
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Completely agree with Andy about Bluebird...from personal experience as well. They also gave 25,000 to Cooley's Anemia this past year but refuse to answer specific questions.
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What I find ironic about Bluebird is that they are preventing their PR department from giving them the PR that could put them in a more positive view in the public's eye.
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By no means this is an investment advice, I am trying to assess the viability of BlueBird to continue in operation (which eventually helps Thalassemia patients).
bluebird bio to Present at Three Upcoming Health Care Conferences
For details : http://www.nasdaq.com/press-release/bluebird-bio-to-present-at-three-upcoming-health-care-conferences-20140501-01726#ixzz31FVUPVaL
I checked the volume of share trade, it is not high. Bluebird is featured in Investopidia as one of three companies to profit from.
The liquidity is strong and revenues have grown since 2011.
Conclusion
I believe this company is not strapped for cash. However, there is always a responsibility to generate profits for shareholders, which means expensive treatments for patients.
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They are well financed, but no one is allowed to talk about what they're doing. The lawyers are in charge. Can't say that's a good thing.
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But how we can talk about mutagens drug for beta thal when gene therapy is on second step of trial? .....Ivano Argiolas from Italy is still testing therapy......