BOSTON (TheStreet) -- An embarrassingly small number of healthcare companies are webcasting their Q&A breakout sessions at next week's J.P. Morgan Healthcare Conference, proving once again that some antiquated barriers to investor transparency remain stubbornly difficult to tear down.
Every January, the healthcare universe descends on San Francisco to meet, greet, network and make deals. At the center of this incredible hub of activity is the J.P. Morgan Healthcare Conference, where more than 300 publicly traded healthcare companies pitch their stories to institutional investors.
"JPM" is the biggest and most important healthcare investment conference held every year, so why do presenting companies cut off access for shareholders not lucky enough to snag an invite?
"You would think it would be in a company's best interest to webcast these presentations, because not doing so is otherwise disrespectful to all of their other shareholders who aren't in the room," says private investor Brad Loncar.
According to Loncar's count, approximately two-thirds of the publicly traded companies participating at JPM this year are offering webcasts of their primary investor presentations -- a respectable number but one that should still be higher.
But only 10% of presenting companies are planning to webcast their Q&A breakout sessions. These are smaller and more interesting gatherings held right after the main presentation, where company executives field and answer questions from investors.
JPM conference breakout sessions are often where real news happens -- causing stocks to move -- because executives sometimes go off script and answer questions about issues or concerns they may otherwise not bring up on their own.