Biotech Values

[ThomasS]

VRTX: What you have clearly missed:
IF VX950 can reduce the SOC to 24 weeks, they will have achieved a near double-double akin to a 12 week SOC. Why?

1. Reduce 48-week SOC by 50% to 24 weeks.
2. Increase SVR to say, 70% (we don't know yet; seems to be a reasonable number at this juncture)

Taken together, this equates to a near double-double, which seems to be getting lost in the analytic shuffle.
Who wouldn't trade 48 weeks at 40% SVR for 24 weeks at 70%?
(Or, for that matter, 12 weeks at 30% or 1 week at 10%)