Thursday, December 20, 2007 12:02:40 PM
INGN latest PR, straight from Comedy Central.
http://biz.yahoo.com/bw/071220/20071220005137.html?.v=1
In short, after data-mining their aborted P3 trial for a year, they decide they need more ore to shift through in the attempt to find gold.
The good news is that in 6 months we will here another excuse. I predict "The dog ate my homework" line
BACKGROUND: Before anybody foolishes wastes there time looking at this company (like I did), here's the Readers Digest summary. They have a drug that might be effective in cancers with a defective P53 gene. They ran a pivital trial, and it never enrolled (actually 2 trials, but the second one was abducted by UFO's). So eventually they just looked at the data and it obviously was a no go. So then they decided to do a subset analysis, which required them to get data they didn't think of in advance. Now they want to go back again to paients and get more data. Through this whole process they insist they have always been 6-12 months (or less) from a BLA submission.
http://biz.yahoo.com/bw/071220/20071220005137.html?.v=1
In short, after data-mining their aborted P3 trial for a year, they decide they need more ore to shift through in the attempt to find gold.
The good news is that in 6 months we will here another excuse. I predict "The dog ate my homework" line
BACKGROUND: Before anybody foolishes wastes there time looking at this company (like I did), here's the Readers Digest summary. They have a drug that might be effective in cancers with a defective P53 gene. They ran a pivital trial, and it never enrolled (actually 2 trials, but the second one was abducted by UFO's). So eventually they just looked at the data and it obviously was a no go. So then they decided to do a subset analysis, which required them to get data they didn't think of in advance. Now they want to go back again to paients and get more data. Through this whole process they insist they have always been 6-12 months (or less) from a BLA submission.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
