News Focus
News Focus
Followers 843
Posts 123050
Boards Moderated 9
Alias Born 09/05/2002

Re: quantumdot post# 3949

Wednesday, 03/26/2008 12:32:09 AM

Wednesday, March 26, 2008 12:32:09 AM

Post# of 8474
>…experienced and trustworthy CEOs do not say things like "slam dunk" with regard to ongoing clinical trials. Period.<

They do not use such a characterization for planned clinical trials either.

akasidney86 would have us believe that the existence of many zeros to the right of the decimal point in the p-value of an early-stage trial gives the CEO a license to prime investors by using the phrase slam dunk. This shows an astonishing naiveté about statistics and the biotech arena in general.

Right off the top of my head, I can think of two prominent drugs that had a long sequence of zeros to the right of the decimal point in their phase-3 p-values and yet almost didn’t make it to market. (Hint: one was rejected by an advisory panel and the other was rejected by a major regulatory body on the first review cycle.)

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RPRX News