Tuesday, February 25, 2014 8:22:44 AM
At first glance this would be a triple and would seem superior to what we know about the BI drug to date. Meeting the survival end point (pooled with CAPACITY) which was predefined was a key. Also the 6 minute walk test showing significance is important as its used in other lung diseases for approval. A home run would have been meeting survival in ASCEND alone, it should be noted the company had PREVIOUSLY stated the trial was not powered to do so, nor was it a stated requirement for approval but pooled at least a trend would have been necessary.
For disclosure I am still long ITMN but had sold a descent portion of my holdings prior and I am long ITMN in my SI portfolio.
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