PEB-Pacific Edge

[KW]

For laughs, I asked Chat GPT to write PEB's press release    Here's what it came up with.  Lets see how close it gets to the real thing. 

FOR IMMEDIATE RELEASE

Subject: Pacific Edge Navigates Medicare Coverage Adjustment for Cxbladder Tests

City, State—Date—Pacific Edge Ltd, a pioneer in diagnostic and prognostic tests for enhanced detection and management of bladder cancer, today shares a critical update regarding its flagship product, Cxbladder.

From [Insert Date], changes to Medicare coverage will mean that Cxbladder tests are no longer included. This development stems from a recent revision by the Centers for Medicare and Medicaid Services (CMS), the federal agency overseeing the nation's primary healthcare programs.

While this is a significant change, Pacific Edge views it as an opportunity to deepen our dialogue with CMS and other key healthcare stakeholders. We are actively engaging with CMS to understand the rationale behind their decision and to explore potential pathways to reinstate coverage.

"Change is a catalyst for growth. We remain firm believers in the unique value and potential of our Cxbladder tests. This situation will inspire us to work even more vigorously to articulate the clinical and cost benefits of our products to insurers, healthcare providers, and patients," said [CEO/Spokesperson's Name, Position].

In the face of this challenge, Pacific Edge pledges to uphold its unwavering commitment to its customers, ensuring the delivery of superior service and care. All stakeholders will be kept informed as we navigate through this transition and work toward a resolution.

We appreciate your understanding and support during this time. This is a new chapter in our journey, and we remain resolute in our mission to enhance the care and outcomes of bladder cancer patients worldwide.

For further inquiries, please reach out to our dedicated customer service team at [Company's Contact Information].

About Pacific Edge
Pacific Edge Ltd is a New Zealand based biomedical company, leading the way in the development and commercialization of innovative diagnostic and prognostic tests for improved detection and management of bladder cancer.

Press Contact:
[Name]
[Title]
[Email]
[Phone Number]

[Shareguy]

For laughs, I asked Chat GPT to write PEB's press release    Here's what it came up with.  Lets see how close it gets to the real thing. 

FOR IMMEDIATE RELEASE

Subject: Pacific Edge Navigates Medicare Coverage Adjustment for Cxbladder Tests

City, State—Date—Pacific Edge Ltd, a pioneer in diagnostic and prognostic tests for enhanced detection and management of bladder cancer, today shares a critical update regarding its flagship product, Cxbladder.

From [Insert Date], changes to Medicare coverage will mean that Cxbladder tests are no longer included. This development stems from a recent revision by the Centers for Medicare and Medicaid Services (CMS), the federal agency overseeing the nation's primary healthcare programs.

While this is a significant change, Pacific Edge views it as an opportunity to deepen our dialogue with CMS and other key healthcare stakeholders. We are actively engaging with CMS to understand the rationale behind their decision and to explore potential pathways to reinstate coverage.

"Change is a catalyst for growth. We remain firm believers in the unique value and potential of our Cxbladder tests. This situation will inspire us to work even more vigorously to articulate the clinical and cost benefits of our products to insurers, healthcare providers, and patients," said [CEO/Spokesperson's Name, Position].

In the face of this challenge, Pacific Edge pledges to uphold its unwavering commitment to its customers, ensuring the delivery of superior service and care. All stakeholders will be kept informed as we navigate through this transition and work toward a resolution.

We appreciate your understanding and support during this time. This is a new chapter in our journey, and we remain resolute in our mission to enhance the care and outcomes of bladder cancer patients worldwide.

For further inquiries, please reach out to our dedicated customer service team at [Company's Contact Information].

About Pacific Edge
Pacific Edge Ltd is a New Zealand based biomedical company, leading the way in the development and commercialization of innovative diagnostic and prognostic tests for improved detection and management of bladder cancer.

Press Contact:
[Name]
[Title]
[Email]
[Phone Number]

Love it KW. I think your chat bot will be bang on the money. PEB management should maybe have utilised the chat bot to find out the correct date for the Determination (LCD).

[KW]

Love it KW. I think your chat bot will be bang on the money. PEB management should maybe have utilised the chat bot to find out the correct date for the Determination (LCD).

It can also write really good CEO resignation letters 

[Crackity]

It can also write really good CEO resignation letters 

Go on - give the good doctor a helping hand

[Shareguy]

FB says $0.29  Under this scenario we assume further equity raise risk is heightened.

[Crackity]

FB says $0.29  Under this scenario we assume further equity raise risk is heightened.

As at 31 March they had 77.8 million NZD in cash and near cash. That good for a while.

What they don't have now though is a possibly viable business or real way forward?

🤔

[Basil]

The conclusion at the end of the document is telling

insufficient validation of their test in potentially confounding clinical circumstances including non-urothelial carcinoma malignancies and inflammatory conditions of the urinary tract.

Cxbladder also demonstrates several population biases, including early papers with a strong bias towards male patients of European ancestry.

The majority of Cxbladder papers avoid disclosing the PPV and number of false positives of their tests. Cxbladder tests generally have low PPVs (down to 15-16% as seen in Konety, et al 2019) and high numbers of false positives (also in Konety, et al 2019, there were 464 false positive results as compared to 86 true positive results).49

These values are significant in that false test results, particularly false positives, can lead to patient anxiety and distress among other procedural issues related to follow up for an inaccurate result.

Most of the primary literature regarding Cxbladder test development and performance is funded, if not directly written by, the test's parent company, Pacific Edge Diagnostics. This conflict of interest must be taken into account when reviewing these papers.

Now if you add to the mix

That Cxbladder does not have the endorsement of the AUA or NCCN.

They can't even convince NZ health authorities for nationwide coverage.

The highly paid CEO who replaced David Darling who is quoted as saying "huge potential" and what a great company despite not buying any shares himself.

It's a cluster

The root cause of the problem is many DHB's simply don't think the test is reliable enough.. 

I had a bad UTI with blood in my urine about a decade ago that didn't clear up quickly with antibiotics.  It was painful and deeply distressing and its easy to worry yourself sick.
I ended up in North Shore hospital getting a Cystoscopy which is not a lot of fun but while there I asked the highly experienced Oncologist why they don't use CX bladder tests.  She told me there's no point as for $1,500 total approx. cost to the health system , you simply cannot beat putting a camera in there and having a really good look around.  Not worth risking people's lives for that small amount of money.  Far better to get a far more definitive answer by doing the procedure.  She gave me a very thorough prostate examination while I was there too.  What a 'wonderful bonus" that was lol  You really leave your dignity at the door when you arrive, knowing what you are going to have to go through but afterwards I had this overwhelming sense of relief that she found nothing wrong and I felt very fortunate indeed to have had quick access to a free and very thorough examination by a highly experienced Oncologist
I felt 100% about 10 days later with different antibiotics and the problem has thankfully, never recurred.

Comment.
I think the number of false positives with CX Bladder is pretty shocking.
Forbar downgrading to 29 cents and suggesting that makes them a candidate for another capital raise.  Hmmm  When is enough, enough ?  They've "milked" a lot of money out of this company over the years with all the capital raises they've promoted and supported.  Is it acceptable that every so often they milk a new batch of investors for more capital?

KW - That response from Chat GPT is stunning.  You'd have to pay a public relations firm many thousands of dollars to come up with a better answer than that.  Off topic, but I think many of the tech experts starting to say we should be very worried about A.I., are probably right.
Watched a re-run of Terminator 2 with my granddaughter yesterday.  How long before that might become real ?

[KW]

KW - That response from Chat GPT is stunning.  You'd have to pay a public relations firm many thousands of dollars to come up with a better answer than that.  Off topic, but I think many of the tech experts starting to say we should be very worried about A.I., are probably right.
Watched a re-run of Terminator 2 with my granddaughter yesterday.  How long before that might become real ?

The person who invents a terminator style AI guard "dog" will make a fortune.  Especially in this country.  

[Shareguy]

To their credit PEB came back to me this morning and said

Thank you for reaching out.
 
We have implemented a trading halt while we review the information and obtain opinions from experts in the US.
 
We will be updating the market tomorrow morning, and will also provide an opportunity for investors to dial in and listen and engage with the CEO, CFO and Chair.  Details of this call will be released to the NZX and ASX during the day.
Best regards

[Basil]

The person who invents a terminator style AI guard "dog" will make a fortune.  Especially in this country. 

Too late, already done. https://thehill.com/changing-america/resilience/smart-cities/4018672-robot-dog-coming-to-los-angeles-police-after-vote/
How long before they give Spot defensive and then after that, attacking capabilities?

[Shareguy]

Wow NZX made a mistake and briefly allowed trading.

266k traded

[Basil]

Wow NZX made a mistake and briefly allowed trading.
266k traded

Surely they are going to have to cancel all those contracts ?
Anyone know if PEB is currently a constituent stock in the NZX50 ?

[Shareguy]

Yes we will see. Yes number 41

[winner (n)]

Surely they are going to have to cancel all those contracts ?
Anyone know if PEB is currently a constituent stock in the NZX50 ?

Pretty sure it is ...lol

[winner (n)]

Good news for TRA when PEB gets kicked out of NZX50?