RespireRx Pharmaceuticals Inc (RSPI)

[enemem]

I don't really like arguing by analogy, because analogies rarely fit very well (this one doesn't), but in the analogy you chose, my bet is they'd turn around (I heard on the radio, on the occasion of Edmund Hillary's death, that that's exactly what a climbing party preceding Hillary did: they got to within 300 feet and turned around because of the weather). Discretion is the better part of valor. Especially with my money.

Back to cortex. My sense was that psychiatry was unwilling to approve CX-717, regardless of the source of the anomaly that led to the hold. That kind of absolutist position is what I would hire a consultant to find out about. If Laughren had made up his mind without even looking in the 6' box, then the odds weren't anywhere close to 50-50. It's possible that they were suckered by the FDA, but then a whole host of more paranoid and sinister interpretations need to come into play.

Exactly what did COR pay their consultants to do, if not provide an accurate assessment of the FDA's predisposition to the IND? I don't think these consultants operate via clairvoyance, I think they use the phone. Either they were lousy consultants, or it was a bad call on COR's part.