Real Startups Never, Ever Discount Their Prices

InfoChachkie

Avoid a simple pricing mistake which could sink your startup. Vendors often respond by discounting their prices at the 11th hour, in the hopes a lower price will spur a purchase. Protection – Consider offering “pricing protection” to users who are particularly price-conscious.

Novartis Wins Historic FDA Nod, Prices CAR-T For Leukemia at $475,000

Xconomy

Ahead of schedule, Novartis has received the first-ever approval of a genetically modified living cell therapy called CAR-T, which uses a cancer patient’s own immune cells as the medicine.

Trending Sources

Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently addresses a key pricing challenge faced by most entrepreneurs. Watch this 93-second clip and see if you can identify the pricing pitfall addressed in this humorous snippet.

How Doctors Think About Drug Prices

Xconomy

There are a lot of factors involved in drug pricing that don’t enter my head when I’m seeing a patient. Simplistic as this framework is, it goes a long way to describing how we should think about drug pricing. If the price is reasonable, payers should cover it.

BlackLine Software Prices IPO

socalTECH

Woodland Hills-based BlackLine Software , the developer of accounting and financial close software, has priced its IPO, saying late Thursday evening that it will sell 8,600,000 shares of its common stock at $17.00 BlackLine priced at the high range of an already increased estimated IPO range, which was set to $16.00

Dear Tom Price: Bundled Payments Help Patients and Reduce Costs

Xconomy

With all the talk of repealing Barack Obama’s Affordable Care Act (ACA), people have been taking a closer look at what the law has done for our healthcare system. It turns out the ACA is about a lot more than the problematic healthcare marketplaces.

Virgin America Adds Free Access to Lynda.com, Sets ViaSet WiFi Pricing

socalTECH

Virgin America, which has been in early trials on the new high speed, satellite WiFi from ViaSat since July of last year, said it will also offer up free WiFi access for its Elevate Gold members, and pricing starting at $4.99 virgin america lynda viasat satellite linkedin wifi wireless pricing high speed inflight airline

Geni Swizzles Pricing Tiers

socalTECH

Geni has been shuffling its various pricing tiers since August, when the firm started encouraging users to move off its free service to one of its paid tiers. geni family history tree genealogy membership pricing

Geni 40

Despite Low Crop Prices, Corporate and VC Agtech Investments Soar

Xconomy

Prices for agricultural commodities such as corn, soy, and wheat are at their lowest levels in years, but investment in agricultural technology has never been better.

MINDBODY Prices IPO, Starts Trading Today

socalTECH

San Luis Obispo-based MINDBODY priced its IPO last night at $14.00 per share, at the midpoint of its initial estimated trading range of $13.00 to $15.00 per share. MINDBODY said it will sell 7,150,000 shares of its common stock, and will begin trading on the NASDAQ Global Market this morning as MB. MINDBODY is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P.

Biogen Sets $750,000 Initial Price For First-Ever Spinal Atrophy Drug

Xconomy

But as expected, the drug, from Biogen and Ionis Pharmaceuticals, is a costly one, priced at the high end of the six figure price tags often given to treatments for rare diseases with no alternative treatments. The per-injection price translates into $750,000 for.

News 21

ClearBook.com Takes On Used Car Pricing

socalTECH

Santa Monica-based TrueCar , the automotive pricing startup run by Scott Painter, is launching a new site today focused on used car pricing. The new site ClearBook.com , offers us a used car vehicle index, aggregating used car marketplace sales to provide pricing guidance for consumers and dealers. TrueCar said that ClearBook will provide price guidance based on used car years, make, model, mileage, and conditions. used truecar clearbook pricing prices

SaaS Subcriptions Are Great – TranSaaSional Pricing Is Better

InfoChachkie

Software as a service (SaaS) is a popular business model because it facilitates the delivery of incremental value to customers, while allowing the vendor to adjust their prices over time. However, such price increases generally occur after new utility has been provided to the customers.

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Bio Roundup: CRISPR Drama, Marathon and PhRMA, the Price of Vision & More

Xconomy

News may be coming out of Washington, DC, at a breakneck pace, but concrete plans regarding the future of the nation’s healthcare system, the FDA, and the pharmaceutical industry have been much slower to materialize. The consternation about President Donald Trump’s coming pick for FDA commissioner was palpable this week at the BIO CEO & Investor Conference in New York.

Bio Roundup: Tom Price, Patient Conflicts, Orphan Games & More

Xconomy

Trump’s nominee to run the $1 trillion Health and Human Services Department, Tom Price, answered—or didn’t answer—many of those questions in a Senate hearing Wednesday. The back and forth with Bernie Sanders, Elizabeth Warren, and others illustrated how some of Trump’s heated rhetoric about drug pricing and parts of the Affordable Care Act could put the administration at odds with Republican.

Should Investors in the Same Round of Financing Ever Get Different Prices?

Both Sides of the Table

I recently wrote about my views that startups rounds should be priced. Fred, who also wrote his views about convertible debt (significantly more succinctly than I) believes that the price of a single round should be the same for everybody. Price the round.

Watching for NIH Innovation in 2017—and Drug Pricing, Trade Deals

Xconomy

With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” When I worked in the Reagan Administration, the “Gipper” used to handle questions like this by saying he couldn’t respond to hypothetical questions. That being said, here’s what I’ll be keeping an eye on in Washington in 2017.

The Price of Growth: Founders’ Dilution

Xconomy

Founders of a company considering the various available fundraising options often ask the challenging question: Why take venture capital money, which may significantly dilute the founders and might result in a loss of control of the company? Although the venture capital path is always a possibility, founders are often concerned about the consequences of such investments.

Ceres Prices IPO

socalTECH

Thousand Oaks-based Ceres , the developer of specialized seeds for the biofuels market, has priced its IPO, saying that it will offer up 5,000,000 shares of its common stock at $13.00 per share IPO range, after seeing a delay of a week in the expected pricing by the firm.

Trump Team Outlines Healthcare Agenda—No Mention of Drug Prices

Xconomy

There is no mention of drug pricing or what the administration might do about frequent price increases, such as Mylan’s EpiPen practice, that critics say are unsubstantiated and unethical. During the campaign, Trump’s official platform called for a change to let Medicare negotiate drug prices and for the re-importation of lower cost drugs from abroad—ideas that swim upstream against typical GOP positions.

Notes From The JPM ’17 Vortex: Trump, Rainstorms & The Price You Pay

Xconomy

The incoming party-pooper-in-chief, Donald Trump, said during his first press conference Wednesday that drug companies are “ getting away with murder ” and he’d work to rein in prices and other practices. [ Editor’s note: Ben Fidler contributed to this report ] The week of frenetic data sharing, deal talking, and party hopping of the J.P.

Press 15

Elon Musk's SolarCity Sets IPO Pricing Range

socalTECH

SolarCity said Tuesday in a filing with the SEC that it is estimating its initial IPO price per share at between $13.00 Southern California entrepreneur Elon Musk has huge success this year, in (literally) getting commercial spaceflight firm SpaceX --based in Hawthorne--off the ground and into space, with a hugely successful set of flights to the International Space Station (ISS).

Snap Prices IPO, Debuts On NYSE Tomorrow

socalTECH

has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 Snap's IPO priced above its initial estimated pricing range, which had been between $14.00 Venice, California-based Snap, Inc. per share. The IPO will raise $3.4 billion for Snap, the company behind Snapchat , valuing the company at approximately $24 billion.

Zoovy Launches Amazon Automatic Pricing Tool

socalTECH

Carlsbad-based Zoovy , the e-commerce software firm run by Brian Horakh, said this week that it has launched a new Amazon Repricing Engine, a software tool which helps e-commerce retailers automatically raise or lower their product pricing on Amazon.com, based on their competitor's prices. Zoovy said the tool automatically monitors SKUs from competitors, and handles adjusting prices for online businesses on Amazon's third party marketplace.

Pharmaceutical Price Controls Might Be Closer Than You Think

Xconomy

Amid the hue and cry over the Mylan EpiPen pricing debacle , Hillary Clinton unveiled her “ Plan to Respond to Unjustified Price Hikes for Long-Available Drugs. ” Clinton’s plan calls for “dedicated oversight to protect consumers.” Clinton proposes to combat “unjustified price hikes.”

Bio Roundup: Drug Pricing, Cystic Fibrosis Showdown, Myovant & More

Xconomy

THIS WEEK IN DRUG PRICING…. —A coalition of investors pressed drug makers to justify price increases. The group filed shareholder resolutions with 11 companies and cited a Kaiser Family Foundation poll that cited Americans’ concerns over drug prices. The drug system went off the market in 2015, leaving Mylan’s EpiPen without competition and setting the stage for the furor over Mylan’s price hikes.

News 17

Novartis: CAR-T Results In One Month, Or No Charge. Why One Month?

Xconomy

The no-charge promise didn’t assuage critics of the price. “While Novartis’ decision to set a price at $475,000 per treatment may be seen by some as restraint, Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Make It Work Swizzles Pricing

socalTECH

Santa Barbara-based Make It Work , the on site technical support and computer repair service headed by Eric Greenspan, said Monday that it has switched its services to a new fixed-price, per-service model. The firm said it will now offer up its various computer services starting at $99.99, which includes services such as new computer setup, wireless network setup, and TV setup. The firm also will offer specific service add-ons like application installs and other help at $35.

Audentes Prices $75M IPO As Gene Therapy Eyes First U.S. Approval

Xconomy

As the possibility of the first ever gene therapy approval in the U.S. draws closer, more gene therapy players are entering the public markets. Today, it’s San Francisco’s Audentes Therapeutics, which aims to use gene therapy to treat a group of rare diseases.

Coda Automotive Drops Sedan Pricing

socalTECH

Los Angeles-based CODA Automotive , the electric car startup developing sedans, has dropped the price on its Coda sedan to $39,900. The price drop is $5,000 below the firm's earlier announced pricing of $44,900 for the auto. The pricing move was first noted by GigaOm. Coda--which raised a huge, $147M Series D funding in September--opened up a new headquarters in Los Angeles last week in a big event with Governor Jerry Brown. READ MORE>>.

ShopWiki Launches Barcode Scanning, Price Comparison App

socalTECH

The site--which is owned by Los Angeles-based Oversee.net --said the barcode app lets users check online prices while shopping at brick and mortar retail stores. The app allows users to scan the UPC for a product, and then instantly see competitive pricing from online retailers. Among features of the software are support for a wide range of international stores, including pricing in the U.S.,

Boingo Wireless Sets IPO Pricing Range

socalTECH

Santa Monica-based WiFi network operator Boingo Wireless has set its pricing range for its IPO, saying in a filing late Wednesday evening that it is selling 5,770,000 shares of its stock at between $12.00

After Trump Sounds Off, Senate Has Adult Conversation on Drug Prices

Xconomy

In advance of an anticipated Senate hearing on drug prices, President Donald Trump once again denounced drug companies as “getting away with murder.”