Everything Josh Israel said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Israel says vaping illnesses stem from black-market THC, not nicotine vapes
“If you look at nicotine-based vapes, there hasn't been any directly related health crisis or crises that have sprung up because of them. It's all been linked to THC and vitamin E or vitamin A acetate and the THC kind of black market pods.”
Israel says nicotine patch and gum success rates are 5% to 15%
“Like, if you look at the success rates for the patch of the gum, it's five to 15%. People try seven to eight times with those products on average to quit. They don't work.”
Israel expects Hava Health's time to market to be 36 months
“So total time to market, estimating around 36 months.”
Israel says Hava is contractually committed against taking Big Tobacco capital
“What we did in his advisory agreement, you know, we made it explicitly clear that we're a smoking cessation product and we will never take capital from big tobacco.”
Israel says pre-2016 vape makers like Juul launched with zero FDA testing
“They haven't done any tests at all. It was like a pretty much a free for all pre-two 1016 where anybody could release a product and they were grandfathered in.”
Israel says Hava closed $1M pre-seed and seeks $250K oversubscription
“I'm happy to say that we recently closed our pre-seed round of one million dollars, so I'm here today to look at potentially oversubscribing that round with investments up to 250,000 dollars to further product development while we go through our preclinical ph…”
Israel expects $375 revenue per customer based on 12-month retention
“On average, about 12 months so we should get around 375 dollars per customer, and the cost to us is around 85 to 125 dollars.”
Israel says FDA grants three to five years of market exclusivity
“So they have like three to five year exclusivity if we were to get approval and things of that nature.”
Israel says Hava Health device will cost $59 to $69
“Looking to price our device for around 59 or 69 dollars, and then a monthly subscription for around 30 to 40 dollars, which includes the replacement pods.”
THE PITCHLEDGER