"And let's not forget that these great results were from Phase 1 SAFETY trials, they were not even optimized as to dosage size and schedule"
Exactly.
Efficacy was not a primary endpoint, and post hoc cherry picking of data from Phase I studies has led to many Phase II failures among anti-cancer candidates.
Today's PR was a disgrace whether you look at from a GCP or a CSR perspective.
No wonder Mr. Market is selling (at least I assume it's Mr. Market, but maybe insiders know soemthing too).
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
"Nobody ever went broke underestimating the intelligence of the American public."
H. L. Mencken