To the person who suggested lowering the cost, keep in mind, as you can imagine, a bulky device isn't cheap. I think they've said it costs $7-8 per device. I don't think it would be commercially viable at a 50% margin for example. As it stands I think they plan to charge $20/device, for a 60% margin.
Zingo is going to be a total bust. Mark it. Its not the needlestick pain that kids fear, its the needle. Emla, the cream costs pennies, why would hospitals or managed care pay $20 for Zingo? I believe Anesiva has dramatically overstated what the potential market is.
As for the hot chilli pepper for pain, that's a joke product too. In order to be used a patient needs to be unconscious because as you'd expect the product gives an intense burning sensation. There's also concern that it could dull nerves over time and create a rebound pain far worse than preexisting.
I'm not too optimistic on Anesiva but best of luck. At least you're in at $2 and not $10.
Anesiva 'Pain-free' High Growth [View article]
Anesiva 'Pain-free' High Growth [View article]
As for the hot chilli pepper for pain, that's a joke product too. In order to be used a patient needs to be unconscious because as you'd expect the product gives an intense burning sensation. There's also concern that it could dull nerves over time and create a rebound pain far worse than preexisting.
I'm not too optimistic on Anesiva but best of luck. At least you're in at $2 and not $10.