The FDA, via the EUA process, is looking for safe and effective drugs/therapies that they can use NOWin the fight against COVID-19. These COVID-EUA candidates are evaluated by the FDA on a case-by-case basis.
Look at the criteria (above) the FDA uses and you won't see any mention of a Phase 3. When the FDA told the CEO of Rigel that their COVID P-2, with 59 trial participants, had too few participants, thereby not generating enough data, this suggested to me that Rigel probably didn't have a lot of previous data generated by the sources mentioned above. Remember, the FDA is looking at the totality of the data from clinical and nonclinical sources.
Keep in mind, the EUA process is an entirely different pathway than the drug approval process. Many here seem to confuse the two.
What IDIOT would say "NO, I don't won't to make these billion$ right now. I'd rather wait until after an unneeded phase 3.
Many here are knowledgeable about our science and the drug approval process, but seem woefully ignorant about BUSINESS.
There's room , IMO, for the first 3-5 COVID therapies to make billion$. Only roughly 16% of the world is vaccinated. No one company, including BPs, can service a market of this size.
Leo, let's focus. Forget about all our other indications and concentrate on B-COVID. This is our pivotal moment. Don't blow it. When the public health emergency is declared over, we're back to the slow, long, drawn-out drug APPROVAL PROCESS.