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Re: None

Thursday, 03/04/2010 7:22:34 PM

Thursday, March 04, 2010 7:22:34 PM

Post# of 252301
These photos of a metastatic melanoma patient improving on ipilimumab
are so graphic that BMY opted to exclude them from the slide set at today’s
investor presentation. Note the delay between the start of treatment
and the onset of observable improvement
, which is the trademark
pattern in immuno-oncology. At 12 weeks, the lesions are worse than at
baseline, but four weeks later—at 16 weeks—they are vastly improved.



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

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