HM to only cost 40 pounds???

[MacAttack]

If you take a look @ the PDF results...they list the potential market as over 1.5 billion but the population market as 40 million giving you a estimated cost of $37.50??

 

[s.a.f]

What, how did you work that out?

 

[Lucky_UK]

wow at that price i'm in!!

 

[RagingBaldy]

Yeah, I second that question. How do you work that out?

If it turns out to be $37 per hair...well blah... :dunno:

 

[flimflam]

1500000000 / 40000000 = 37.5

somehow i don't think that's right

 

[DaSand]

I don't think that's the right price. $5K-20K is more like it.

 

[khali]

That's how economics works. The more supply and demand the cheaper the product gets. For example AIDS medicine cost like $10,000 a year. However, headache medicine cost like $300. If HM becomes a demand it will eventually become cheaper. Right now i am estimating that HM will start at $10,000. However, once it has a demand it will start dropping. Even computer used to cost $5000 in the early 80's, and now they cost around $800 to $1200.

but the population market as 40 million giving you a estimated cost of $37.50??

I doubt they will get 40 million people in the first couple of years. I mean not all 40 million people have the money invest in HM.

 

[DaSand]

You've got it khali. They also want their product to have a decent return like you said. They have three other products too and they need to make money soon or else go bankrupt.

 

[MacAttack]

Its not really a question of how i worked it out...the math is right there in your face...its a question of how did they work out in a market of 40 million bald men...how did they get $1.5 billion. Not sure if that 40 million is expected customers or just balding men (or maybe even the population of the UK..or maybe they're thinking even outside the UK?) Who knows. The point is from either a expected customer base of 40 million they expect to generate 1.5 billion pounds. which using grade 2 math we arrive @ the unexpectadly low price of 37.5 pounds per HM procedure.

 

[sphlanx2006]

They say target group and market potential. This means that there are 40 million men that can benefit from thet treatment of HM. Not all of them are going to request HM though. I guess they have used some basic statistics to estimate the size of the market.

For example if they estimate a 10,000$ launch price, there are around 150,000 people in US who CAN and are willing to take this operation.

I dont think much info can come from this fact other than that ICX-TRC is their big gun(it has the largest market potential). This is positive imho.

 

[Lopfraze]

You're all a bunch of idiots :shakehead: (apart from FlimFlam).

It says market size of at least 1.5 billion, not million.


$1,500,000,000,000/ 40,000,000 patients

= $37,500 per procedure


So there you have it gentleman:

The minimum forecast price for a hair multiplication procedure is $37,500.


And lets be honest, that is in line with our expectations (if not our wishes).

 

[DaSand]

I'm not sure about $37,500.

 

[MacAttack]

Actually before you call anyone an idiot, i suggest you use a calculator before thinking thats the correct mathetmatical operation. if i had used million my number would come out as a fraction. Guess who just owned himself douche.

 

[MacAttack]

A quick operation if you're too lazy to do the math...

40 million times 1 is 40 million
40 million times 10 is 400 million
40 million times 100 is 4 billion. THEREFORE to turn 40 million into a figure of 1.5 billion we need a number btwn 10-100. Go back to grade 3 math.

 

[Re75]

I want my goddam hair, they should not charge more than 1k for a person, people here say it's unsure how many of 40 million balding men would invest? If it was at that price? You can't predict what a following that would attract, if indeed you could get back your hair to Elvis-status, it would be revolutionary. This would be such an epic momentum you can't pin it on economic strategy, I go as far as to say that. If they start at 20k I think that's an insult and a petty thing to do for a historical breakthrough like this. It may not seem like it but in an idealistic thought they OWE US to put this in the market soon, I mean in a couple of years. Not refine everything and go through all the standards for 20 years when most of us will be too old for it to benefit our life in the sense of living in our most youthful years with good hair...we are part of a last generation where male pattern baldness cannot be cured by stem cell research, we can flicker out or they can progress it and save us from it. The last ones. Suicide at this point doesn't even affect me much when my hair started to fall out, it was the cherry on the dilapidated grime-tasting cake that is my life and I sure as hell don't feel like waiting for 10-20 years as people seem to predict will be the real time this is all available and in limited way at that.

 

[DaSand]

I want my goddam hair, they should not charge more than 1k for a person, people here say 40 million wouldnt want to invest? If it was at that price? You can't predict what a following that would attract, if indeed you could get back your hair to Elvis-status, it would be revolutionary. This would be such an epic momentum you can't pin it on economic strategy, I go as far as to say that. If they start at 20k I think that's an insult and a petty thing to do for a historical breakthrough like this. It may not seem like it but in an idealistic thought they OWE US to put this in the market soon, I mean in a couple of years. Not refine everything and go through all the standards for 20 years when most of us will be too old for it to benefit our life in the sense of living in our most youthful years with good hair...we are part of a last generation where male pattern baldness cannot be cured by stem cell research, we can flicker out or they can progress it and save us from it. The last ones. Suicide at this point doesn't even affect me much when my hair started to fall out, it was the cherry on the dilapidated grime-tasting cake that is my life and I sure as hell don't feel like waiting for 10-20 years as people seem to predict will be the real time this is all available and in limited way at that.

Keep in mind, the 10-20 years away thing is just how someone thinks when it will come out. Just an opinion. No one here honestly knows when it will come out. All of this is just speculation.

You'd think they would be in trials now only to put it out 10 years later? It doesn't make economic sense. They need to make money to make up for their losses. If you read their financial reports, they're making negative amounts. They're not doing this for the sake of making men and women happy again, they're out to make money. That's what business is. They do want to get this out ASAP, they need to find the doses which benefit most customers. The results from Phase II were not descriptive and confusing.

Some people are not seeing it from a business and economic perspective.

The only reason it might be 10+ years is in the US because of the hair transplant businesses making it sure it doesn't come out because it will replace their profession.

What do you mean by the last generation where male pattern baldness can't be cured by stem cell research? We should be fortunate to live in a time where trials are being done and not just scientists saying "It'll be 5 years". This will come out and we will benefit from it.

 

[Lopfraze]

Actually before you call anyone an idiot, i suggest you use a calculator before thinking thats the correct mathetmatical operation. if i had used million my number would come out as a fraction. Guess who just owned himself douche.

No jackass - its a UK company, so they are using the UK definition of billions.

[despite using USD as reporting currency]


Ignoramus.

 

[sphlanx2006]

Actually before you call anyone an idiot, i suggest you use a calculator before thinking thats the correct mathetmatical operation. if i had used million my number would come out as a fraction. Guess who just owned himself douche.

No jackass - its a UK company, so they are using the UK definition of billions.

[despite using USD as reporting currency]


Ignoramus.

First of all chill out. You are the one who started calling everyone an idiot here. I believe an apologise would be enough.

Second, yes i am sorry you are wrong. When reffering in MONEY there is a standar for million and billion. And yes one billion in economics is 1 thousand million AKA 1,000,000,000.

Dude face it. You were owned

 

[joe32]

it will cost what it will.

 

[aussiedavid]

It says market size of at least 1.5 billion, not million.


$1,500,000,000,000/ 40,000,000 patients

= $37,500 per procedure

There is no such thing as a "UK defintion of billions". The figure you have used above is 1500 billion, or 1.5 trillion.

All of Europe (except for maybe Germany) now officially uses that definition.