11/20/2014 – Tidbits from Cyberonics’ (CYBX) CEO Dan Moore on Q2 2015 Results – Earnings Call Transcript

From: Herbert Stein [mailto:fabrik@bellsouth.net]
Sent: Thursday, November 20, 2014 10:02 PM

Subject: Tidbits from Cyberonics’ (CYBX) CEO Dan Moore on Q2 2015 Results – Earnings Call Transcript

To all those concerned with VNS Therapy for Depression:

This morning’s conference call on Cyberonics yielded some cursory and interesting tidbits relating to VNS Therapy for Depression.  First item of interest was the fact an “estimated 35 implants” for depression in the past quarter.  The figure presented did not breakout new or replacement implants:


Rohan J. Hoare – Senior Vice President & Chief Operating Officer – Cyberonics

Thank you, Dan. First, the U.S. epilepsy market. The second quarter showed some improvement from the first quarter of fiscal 2015. First the good news: we estimate that a record number of patients were implanted with VNS in the U.S. during this quarter, including new patients, replacements, and an estimated 35 depression patients. However, U.S. sales fell short of our expectations. Although the comparative quarter last year was very strong, we expect more robust growth in an underpenetrated epilepsy market.



In several of my previous collaborations there was a hint of something legal going on within CMS which was hush, hush?  No one cared to elaborate.  I’ve gleaned from today’s conference call the following information for whatever it is worth.  My opinion on the subject based upon today’s market reaction and an approximate 13% upswing in price despite what I would opine as lack-luster performance for the quarter is that something big is going on and there may have been some leakage of information that I feel could potentially be favorable to the VNS Therapy Depression patients.  Let’s put it like this; I certainly hope so.


Charles Haff-Craig – Hallum Capital Group LLC

Okay. Great. And then in terms of depression, and the tribunal for HHS, and the appeal process that’s being done by the patient, do you have any update on this tribunal, or anything you can give us there?

Rohan J. Hoare – Senior Vice President & Chief Operating Officer – Cyberonics

No. I mean there are patient appeals in process and we’ve said we would continue to support both physician and patient appeals. Those just need to run their course through the normal justice system.



Anyone’s thoughtful responses with information on this subject that I could also share publicly with fellow patients would be appreciated.



Joyce and Herbert Stein

1008 Trailmore Lane

Weston, FL 33326-2816

(954) 349-8733





About vnstherapy

I'm a very, very long-time support person and health care and mental health advocate/activist for my spouse Joyce as well as to others. I'm also a retired business executive and former Board Member, President and facilitator of a local chapter of DBSA as well as a Florida State appointment as a Guardian Advocate. I do not endorse, promote or advertise for any therapy, product or company. I do share our personal experiences, my research and knowledge in the hope it might benefit someone or do I give advice as to what one should or shouldn't do. I extend my best wishes for wellness to one and all and all the good you’d wish for yourselves.
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