Paion CC-post-mortem
utter denial by management. Nothing wrong with the drug—the only problem was that those placebos were too darn effective.
To add a little color to DEW's impression, one of the speakers on the Paion CC today said, Desmetoplase did not fail....but placebo by chance had a very good outcome".
I sympathize with the company in that I don't know what they could have done differently. The study was reportedly powered with enough patients, assuming 20 % placebo efficacy. Then, the data reportedly showed a 50% placebo response rate. Who's to blame for that? Keep in mind also that this was before the Cerovive failure---in that study placebo also did better than expected with about 35% efficacy.
So, even though desmetoplase is probably a better drug than TPA, we are left with TPA, the "standard of care", which only 1-2% of stroke patients receive---for very good reasons having to do with a very narrow therapeutic time window and a highly questionable risk/benefit equation even under ideal circumstances.
Fortunately, no position in FRX or Paion.
Urche