That’s how things are done in genteel Europe. Before issuing a rejection, the EMA politely suggests that an applicant withdraw the application.
Of course, if the sponsor disagrees strongly with the rejection and intends to appeal (with a new set of rapporteurs), then there is no withdrawal. We saw this with PFE’s Xeljanz.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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