Biotech Values

[DewDiligence]

EXEL BMY: Isn't it obvious? The independent review "is a very conservative picture," said Renzo Canetta, head of global oncology development at Bristol-Myers

This standard throwaway line would work if the RR had shrunk only slightly. But it does not work here, IMO, where we’re talking about an ocean of difference between the two sets of numbers. I’d like to know if there was a better explanation than this one given on the webcast.