Yes, right. Anavex is a small, unknown biotech company that doesn't get the benefit of the doubt on anything. Anavex will get turned down because they can't present the data to regulators in a clear, compelling manner. Missling starts out 10 strokes behind big pharma in front of the FDA so he has play perfectly just to catch up. Perhaps he's better with the FDA than he is with analysts, but I doubt it. Bottom line, he has to be perfect. He can't tell the FDA that his way of doing analysis is better than how it's been done before. That may be true, but does he really want to die on that hill and/or wait for the big boys present it his way. Bureaucrats don't like change. Missling will never convince them his way is better. Biogen maybe can.