Replies to post #51500 on Biotech Values

[DewDiligence]

>FDA probably is as good an institution as a bureaucracy can be. It protects the welfare of American consumer and patients with due diligence. There is no doubt about it. But what you said sounded almost like the following: When German Nazi first invaded, in many European countries, upper echelons almost without exception were highly skepitcal of resistence put up by underground guerilla. Their pessimism were well justified, but that does not make Nazi right, does it?<

I’m not talking about morality—I’m talking about investment decisions. The industry pros on this board, almost without exception, went on record here saying that the Provenge BLA was light on substance and wouldn’t get approved.

The question I’m asking is this: If the pros on this board concurred that the Provenge BLA was light, why do so many of the non-pros cling to the notion that the non-approval was the result of some conspiracy or inherent evil inside the FDA?