Pathwork Diagnostics?

Discussion in 'Genoptix' started by Anonymous, Mar 18, 2011 at 5:46 PM.

Tags: Add Tags
  1. Anonymous

    Anonymous Guest

    MM is a nightmare. RUN AWAY
     

  2. Anonymous

    Anonymous Guest

    Northeast high turnover, embarrassing manager
     
  3. Anonymous

    Anonymous Guest

    Are you kidding He's a great guy and probably the only one who can sell this test.
    Are you the NY rep he fired?
     
  4. Anonymous

    Anonymous Guest

    Anyone know anything about Rosetta Genomics
     
  5. Anonymous

    Anonymous Guest

    Unvalidated technology, has to use a dual algorithm to get a result, company has funding trouble every 6 months and could go bye-bye. On the other hand they did just piggyback on the class of molecular classifiers and get medicare approval. Definitely the worst of the available options for both the Dr and the patient.
     
  6. Anonymous

    Anonymous Guest

    Come on folks! Rosetta is a public company so it isn't difficult to get real facts and data unless you're too lazy to do so.

    1) Unvalidated technology? How many peer-reviewed studies Rosetta published on their technology? Close to 40. How many on their CUP tests? 5. How many have their competitors published on their technology and their CUP tests? A fraction of these. Always good to have facts.
    2) Financial trouble? Company has raised over $10M in the past couple of months. Facts, facts, facts.
     
  7. Anonymous

    Anonymous Guest

    As for which of the three CUP tests are best?

    Suggest you check out the published data on how these tests fare in true CUP cases. You will see that Rosetta's CUP test is superior probably because it has two classifiers rather than the single ones that the others use. Rosetta's is best for Dr. and patient.
     
  8. Anonymous

    Anonymous Guest

    40 peer reviewed articles on the new technology (chip) or the old mirView test? 2 classifiers are necessary due to one using a force prediction? I am not going to argue.... Read this article from seeking alpha for anyone interested :

    Good luck to whomever asked about this Rosetta, truly I would stick it out unless you just can't take it anymore or your are getting to the end of a PIP and think you might get axed.

    Rosetta Genomics: What Happens When The Music Ends?
    May 29, 2012 | 18 comments | about: ROSG
    Rosetta Genomics (ROSG), a cancer diagnostics company, was valued at 324x trailing twelve months (TTM) sales as of the close on Friday, topping a 5x ttm sales multiple considered 'standard' in their industry. The disparity between the benchmark and unusually high sales multiple assigned to Rosetta could (mistakenly) be attributed to a 63% drop in revenues year-over-year, though a closer look suggests this may be immaterial.
    Rosetta's revenues in fiscal year 2011 were just $103,000 compared to $279,000 the year prior. In 2009, sales totaled $150,000, according to the company's annual report. More concerning, management burned through more than $10MM on continuing operations, adding to an $85 Million accumulated deficit. Indeed, as of the year-end, the company stood in a vulnerable position with $0.884MM in cash and equivalents, a $638,000 working capital deficit, and no receivables or substantial prospects, whatsoever.
    Roughly one and one half months later Rosetta publishing their 2011 annual report, the company's shares are one of the most actively-traded issues on the NASDAQ. Notwithstanding poor fundamentals, poor performance, or negligent dilution that reduced insider ownership to less than 1% of the company.
    On May 16th, Rosetta announced that Medicare approved coverage of one of the company's diagnostic tests, 'miRview® mets²'. The rally that ensued, was more than likely perpetuated by an unusually low number of shares available or 'floating' due to a 3-day settlement typical with new issues, like the 1-for-15 reverse split that took effect May 15th. Essentially, if you were a holder of Rosetta's common stock prior to the reverse split 'effect date' of May 15th, chances are your shares were 'restricted' from being sold into the market due to the settlement rule. This means that at least until the 18th, the 'supply' of stock was underrepresented. All else being equal, the economics of supply and demand would have it that a decrease in supply leads to a higher price - precisely what occurred.
    As shares rallied on the Medicare reimbursement news, Rosetta announced an offering of 632,057 shares at $3.50, netting the company ~$2MM and postponing an embarrassing bankruptcy. One week later, another offering was announced, this time priced at $11.50 a share, to keep pace with a rising 'market price'. Regardless of the market price, the offerings were both priced at steep discounts. In the process, management effectively gave up 50% of the company in exchange for $8MM. This implies a valuation of $16MM or $6.54 a share, less than half the last quoted market price.
    Medicare reimbursement was, and is, a major milestone for the company. But the valuation investors have assigned to Rosetta is far too forward-looking - a valuation that pegs very high hopes to future sales of product(s) that have sold dismally for three consecutive years. For Rosetta to be valued in line with peers in its segment on a price-to-sales basis, it would need to grow at a compounded rate of 218% over the next 5 years. This assumes that Rosetta will not dilute its shares (which is inevitable, since burn rate >$10M/annum) or require a large capital investment in order to better market its product offering (also an unreasonable assumption).
    Further, the sheer volume seen the last few weeks of trading suggest investors need exercise caution - whenever a stock trades 5X or 10X its float in one session, you can be sure traders are at play and not institutions or long-term investors of any sort. It's best to relate this to a game of musical chairs: once the music stops you don't want to be the only one without a chair - of course the consequence in this case is that you'll part ways with your money. And even if you enjoy the occasional game of musical chairs, you'll be glad you found a chair before the Rosetta music ends. Investors, take precaution.
     
  9. Anonymous

    Anonymous Guest

    Clearly you are clueless about this! Not worth wasting any more time trying explain. Just check your facts once in a while because in the end, that's what matters not baseless opinions.
     
  10. Anonymous

    Anonymous Guest

    Great answer, I think I will go with the other guy :) troll somewhere else now please... This is still the genoptix board.
     
  11. Anonymous

    Anonymous Guest

    And a wonderful board at that!
     
  12. Anonymous

    Anonymous Guest

    May be a mute point to say which of the three tests is best. Field information indicates that Pathwork Diagnostics laid off almost their entire salesforce (all except 4 - 6) so they potentially may not be around much longer.
     
  13. Anonymous

    Anonymous Guest

    Is Mr. Mcdon.... Still there?
     
  14. Anonymous

    Anonymous Guest

    Interviewing with MW for a Nat Sales Director role.
     
  15. Anonymous

    Anonymous Guest

    sure and are posting it in cafepharma.
     
  16. Anonymous

    Anonymous Guest

    who is MW? company or person? He can lead a sales team right to the unemployment line. Great job Mark, we all knew you had it in you. Still a dbag I see.
     
  17. Anonymous

    Anonymous Guest

    Miraca genius. He is a perfect fit for that piece of trash. Marky Mark and the fun bunch all getting pink slips. Who saw that coming? Blame the reps MM, blame the reps...
     
  18. Anonymous

    Anonymous Guest

    M McD please use me as a reference. I will let anyone know how great of a work environment you create, the way you value employees, how many long term reps you retained, how well you manage a budget of someone else's money. In short, I will tell them what everyone else already knows.
     
  19. Anonymous

    Anonymous Guest

    YES-- what he said. Great insight. What other industry tidbits can you give us oh wise one??
     
  20. Anonymous

    Anonymous Guest

    Must be sniffing something special! Haven't seen any published documentation on the internet yet that PW is in trouble.