Lucentis (55% penetration of new AMD patients) and off-label Avastin had close to 100% penetration of the U.S. wet AMD market between them during 4Q06. In other words, almost everyone in the U.S. with diagnosed clinically-relevant AMD is getting treatment, and Macugen and Visudyne have already become non-factors. (Source: Today’s DNA CC)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”