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Monday, November 6, 2023

Axsome's Strategy on Payer Coverage Slowly Pays Off, Depression Drug Sales Show Growth

 Axsome Therapeutics Inc 

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 reported Q3 revenues of $57.8 million, up 244% Y/Y, beating the consensus of $54.75 million.

Auvelity (oral antidepressant) net product sales were $37.7 million, representing a 36% sequential increase versus the second quarter of 2023

Approximately 69,000 prescriptions were reported for Auvelity in Q3, up 30% Q/Q.

The previously announced expansion of the Auvelity sales force from 162 to 260 representatives is underway and expected to be completed in Q4 FY23. 

Sunosi (sleep disorder) net product revenue was $20.1 million for Q3, up 20%.

Q3 U.S. Sunosi total prescriptions increased by 16% Y/Y and sequentially by 5%.

The company reported a net loss of $(1.32) compared to $(1.07) per share a year ago, missing the consensus of $(1.20).

The Q3 net loss reflects $18.0 million in non-cash charges.

William Blair writes that Q2 saw a gross to net (GTN) discount percentage in the mid-50% based on management commentary and revenue compared to script counts, with management previously suggesting the GTN will remain in the high 50%. 

On the second-quarter earnings call, Axsome announced that payer coverage increased modestly to 68% of all covered lives (46% commercial), and William Blair says that securing payer coverage will be a major theme with the ongoing launch. 

Investor questions will continue, given the admittedly modest add of covered lives in the prior quarter. 

This trend continues in the third quarter as coverage has increased slightly to 70% of covered lives, including 48% of covered commercial lives.

https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35622973/axsomes-strategy-on-payer-coverage-slowly-pays-off-depression-drug-sales-show-growt

Election fraud is no myth — and video evidence proves it

 Democrats claim election fraud is a myth. But videos don’t lie.  

Roll the tapes:

On Nov. 1, Connecticut Judge William Clark overturned the results of the Bridgeport mayoral primary, calling video evidence of fraud “shocking.” 

The vice chair of the Democratic Town Committee appears to have been caught stuffing handfuls of ballots into a drop box outside City Hall.  

On Oct. 25, in Paterson, NJ, the sitting president of the City Council, Alex Mendez, was charged with personally collecting a large number of mail-in ballots in his district, destroying ballots that did not favor him and replacing them with ballots that falsely chose him.

New Jersey’s attorney general states that Mendez “personally observed from his wife’s vehicle as a large, heavy bag completely filled with ballots was emptied into the Haledon postal box prior to the election.”

Judge William Clark presides over a hearing in Bridgeport Superior Court regarding voter fraud.
Judge William Clark presides over a hearing in Bridgeport Superior Court regarding voter fraud.
AP

On Nov. 2, in Springfield, Mass., city election officials nailed mayoral candidate Justin Hurst for allegedly buying votes during early voting. 

Videotape shows individuals being dropped off in black Suburbans and Expeditions and entering City Hall to vote.

When they exited, a man “takes out what appears to be a large bundle of cash” and peels off a bill for each individual, Springfield Elections Commissioner Gladys Oyola-Lopez said in an affidavit.

In one week, election fraudsters were busted in three major Northeastern cities.  

Leftist organizations such as the Brennan Center for Justice and the League of Women Voters claim voter fraud is a “phantom” and “extremely rare.”  

Don’t buy it. The evidence is all around us.

Cheating is a cakewalk because of accommodations pushed by Democrats, including universal mail-in voting and unmanned drop boxes.

Now is the time to scrutinize the 2023 races and plug the obvious gaps. Cheating should not determine the outcome in the highly consequential 2024 national election.

In Bridgeport’s 2023 mayoral primary, Democratic candidate John Gomes was ahead, until he got crushed late in the process when absentee votes favoring incumbent Mayor Joe Ganim were counted. 

One Bridgeport pol described the use of absentee ballots there as “an art form.” 

That “art form” may partially explain how Ganim, who was Bridgeport’s mayor from 1991 to 2003, before serving years in federal prison for racketeering, extortion, filing false tax returns and other crimes, was able to stage a comeback upon his release from prison and win election in 2015 and 2019.

In Connecticut, Democrats are singing one song: Fraud is “unique to Bridgeport” and isn’t a problem elsewhere. Wrong.

Last year, John Mallozzi, then-Democratic Party chairman in Stamford, was convicted of forgery and making false statements related to absentee ballots.

His ruse was uncovered when a voter named on a fraudulent absentee ballot actually showed up at the polls.

Connecticut Republican legislators are pushing to improve voting security.

State Rep. Doug Dubitsky, a Republican, says, “This exact same thing could be happening in every single municipality in this state.”

But Democrats, who control both houses of the state Legislature and all statewide offices, refuse to tighten voting procedures.

That’s not hard to explain: In statewide races, including for governor or president, Republicans historically have been ahead until absentee ballots in Connecticut’s Democrat-controlled cities are tallied.

Across the nation, Republicans are pressing state Legislatures to eliminate drop boxes and bar third parties from collecting huge numbers of completed ballots — a practice called “harvesting.”

Republicans also want to use software to match the signature on the mail-in ballot to the signature on the voter registration form.  

Democrats almost universally oppose these safeguards, calling them “voter suppression.”  

“Cheating suppression” is more like it.

Most European countries require voters to show up in person, unless they are out of the country or disabled. These countries tried mail-in voting and eliminated it in the face of widespread fraud.

Americans need to get smart. Convenience shouldn’t take priority over security.

Before you board a plane, you have to wait in line while your carry-ons are inspected. It’s inconvenient but worth it.

Same is true for voting. When you turn on the TV election night to watch the returns, you want to know the results are honest. Whether your candidate wins or not.

America has one year to get the job done. 

Betsy McCaughey is a former lieutenant governor of New York.

https://nypost.com/2023/11/06/opinion/election-fraud-is-no-myth-and-video-evidence-proves-it/

CEO of NYC construction biz in Adams FBI fundraising probe tied to past corruption scandals

 The Turkish CEO of the Brooklyn construction company being scrutinized by the feds as part of a larger probe into Mayor Eric Adams’ fundraising previously ran another firm that was embroiled in two other corruption and bribery scandals more than a decade ago, according to public records.

The Williamsburg-based KSK Construction Group, which is run by Erden Arkan, was thrust into the spotlight last week after it emerged the feds were investigating whether Adams’ 2021 mayoral campaign conspired with the company and Turkish government to obtain illegal political donations in exchange for kickbacks.

Years earlier prior to starting KSK, Arkan, who is Turkish, jointly headed another company — Kiska Construction — that was tied to back-to-back scandals involving the bribery of city workers in 2007 and 2008, public records resurfaced by The City show.

In the 2007 case, two city Department of Transportation officials were busted accepting $450,000 in bribes from a Kiska executive as the company was overseeing the $118 million reconstruction of the Third Avenue Bridge.

Investigators had said the DOT employees — Balram Chandiramani and Uday Shah — promised to work behind the scenes to help sign off on $16.5 million in extra charges that Kiska was trying to get in the wake of the bridge project.

The DOT duo were nabbed after an unnamed Kiska executive was arrested on undisclosed charges and agreed to wear a wire to bust the city employees, prosecutors said at the time.

“I’m going to do my best to see that this is resolved, OK?” Shah told the executive during one taped meeting in November 2006. “So you can make friends on the other side.”

Chandiramani and Shah, who both ended up pleading guilty in 2008, went on to serve one and three years in prison, respectively.

The second incident in 2008 involved Kiska — who at the time was working on the city’s High Line project — lavishing two city employees with expensive meals and giving one of their sons a free honeymoon to Turkey, according to reports at the time.

Nazir Mir and Leonard Greco, who worked for the Economic Development Corporation, were collectively fined $14,000 by the city’s Conflicts of Interest Board after their dealings with Kiska came to light.

KSK Construction Group, which is run by Erden Arkan, was thrust into the spotlight last week after it emerged the feds were investigating whether Mayor Eric Adams’ 2021 mayoral campaign conspired with the company and Turkish government.
J.C. Rice

In addition to accepting the free meals at steakhouses, Mir faced an additional fine after Kiska footed the $4,000 bill for his son’s five-night stay at the Marmara Hotel in Istanbul while on his honeymoon.

In the aftermath, Kiska appeared to stop getting work from the city but was able to obtain several state-funded contracts — including $41.9 million to revamp Long Island’s Robert Moses Causeway.

Arkan, who started his current company KSK while still running Kiska, didn’t respond to The Post’s request for comment Monday.

Reports about Kiska’s history re-surfaced just days after federal agents raided the Crown Heights, Brooklyn home of top Adams campaign fundraiser Brianna Suggs amid the wider investigation into Hizzoner’s campaign finances.

One of the probe’s focuses is whether Adams’ campaign conspired with KSK and the Turkish government to use “straw donors” to illegally funnel foreign cash into his campaign coffers in exchange for favors, law enforcement sources said. 

Federal agents raided the home of top Adams fundraiser Brianna Suggs.
serinc
Agents were seen filing in and out of the Crown Heights brownstone.
NYPost

A straw donor is a person or company which illegally makes a donation with someone else’s money but using their own name to hide its source.

Campaign records show that 11 individuals who listed their employer as KSK Construction made donations to Hizzoner’s campaign on the same day in May 2021 — and for nearly identical amounts.

Neither KSK, Arkan, the mayor or his top fundraiser have been charged with any crimes amid the probe.

https://nypost.com/2023/11/06/metro/nyc-construction-biz-in-eric-adams-fbi-campaign-probe-tied-to-two-past-scandals/

Disney theme park guests are now pooping while waiting on line for rides

 When you gotta go, you gotta go — even if you’re on line for hours at a Disney theme park.

Riders at Disneyland and Disney World have been defecating while standing in line, according to witnesses who reported the grotesque sight on social media.

“I am in the queue for [Rise of the Resistance at Disney World] – someone let their kid take a dump on the floor and then they just walked out and left it- WTF?” wrote one poster on Reddit.

The post was cited by the news page SFGATE.

Disney guests can wait on line for Rise of the Resistance, the Star Wars-themed attraction, for more than an hour-and-a-half, according to the Queue Times website.

Another Redditor who claims to have worked near the ride confirmed the claim, writing: “For the skeptics… this actually happened. Fun fact: this was one of 3 s—t-related incidents at Rise today.”

“Less fun fact: I was here for all 3 of them,” the poster wrote.

A Reddit poster who claimed to have worked at Disney World in Orlando, Fla., described guests leaving their bodily waste on the premises.

“Bodily fluids no longer bother me after working at Disney,” they wrote.

“Let’s just say that the attraction I work at has what the cast ended up dubbing ‘the poop hall’ because of the amount of times guests have gone in there and pooped.”

“We even put up a camera and it didn’t stop it,” the Redditor wrote.

This claim was seconded by another Disney “cast member” — a reference to the company’s theme park employees.

“Good lord the poop hallway,” they wrote, adding that testimonials about seeing human feces near the rides “gives me war flashbacks.”

“I dealt with way too many bodily fluids at that dang attraction,” they wrote.

The Post has sought comment from The Walt Disney Company.

In 2015, two former “cast members” penned a book detailing their experiences as custodial team workers in the 1990s and early 2000s.

Ken Pellman and Lynn Barron, the authors of “Cleaning the Kingdom: Insider Tales of Keeping Walt’s Dream Spotless,” wrote that spotting human waste triggered a protocol known as “Human Code H.”

A “Code H,” which stood for “horsecrap,” called for one of the cleaners to pick up after one of the horses that was pulling a vehicle along Main Street went to the bathroom.

Pellman and Barron recalled that eventually they started picking up human feces as well.

On one occasion, a woman who stood on line for the Indiana Jones Adventure at California’s Disneyland “burst into the control room for the attraction and deposited her gift right there,” they wrote in the book.

“It must have been challenging for the ride operator to stay at their post in there before it was all cleaned up!”

Disney guests who need to use the bathroom during notoriously long waits can alert a cast member and have their place held in line.

According to the Queue Times website, the average wait time at the Seven Dwarfs Mine Train at Disney’s Magic Kingdom clocks in at 78 minutes.

Wait times at Space Mountain can approach an hour.

Last month, Disney jacked up prices at its California and Florida theme parks by as much as 10% on some tickets.

Human feces was also spotted near the Avatar-themed Flight of Passage attraction at Disney World.
Getty Images

It raised prices at Disneyland by 8.9% on single-day tickets, pushing the cost to $194 to enter the Anaheim park.

The company also spiked the price of yearly passes at Disney World in Orlando by 10% – with the most expensive Incredi-Pass now selling for $1,449, up $50.

https://nypost.com/2023/11/06/business/disney-theme-park-guests-are-pooping-while-waiting-for-rides/