I come from a professional background where secrets create chaos. Success can be achieved in numerous ways. It still colors my investing that the surprises which occur from withholding or omitting known variables often require more effort to resolve than if that process had been open and transparent.
I guess it is always possible that biotech is immune to that "model", but I consider it MY base case.
Those who suggest Missling has excelled in this regard should be betting the Farm. Are You?