Biotech Values

[iwfal]

That’s circular reasoning, no? You have to run the trial to find out if it works.

A surprisingly large fraction of even well educated, ‘smart’, public think RCTs are primarily just for getting past the FDA. Libertarian economists, Silicon Valley Bros, … I’ve even seen some biotech VCs behave this way. Knowing the drug works is some ‘smart person just knows’ thing, separate from RCTs.