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enemem

11/14/07 12:28 PM

#13650 RE: atheroprevent #13648

What I don't get is why Stoll, during the CC more or less said "we still haven't received anything in writing..", instead of "we're not going to receive anything in writing".

If all this were above-board, as Neuro believes, why didn't Stoll say it like it was? Did he not know that by inactivating the IND he was precluding a written explanation? I'm convinced he fully understood the implications of inactivation, particularly wrt the removal of the FDA's required written response.

Another problem I have is that the IND process, according the the flow-chart at the FDA's website, is supposed to be interactive, with the FDA raising concerns, and the company coming back with alternatives/explanations/etc. Cor made a substantial investment of time, resources, and manpower to prepare CX-717 for its IND submission. It just doesn't make sense to me that they'd just flop if the compound was as clean as we were led to believe in earlier CCs. What one would have expected is at least some back-and-forth between the FDA and COR in an effort to work out some kind of compromise. This is particularly the case because COR's management had to have known that a negative ruling would crater the SP.

My conclusion is that COR's 6' box contained data that COR had every reason to believe would lead to another hold. By caving, they kept alive the alternative explanation that the FDA was just operating in CYA mode. This is the only explanation that renders Stoll's intention of going forward with CX-701 for ADHD at least half-way comprehensible: if the FDA's ruling was merely based on ADHD as the wrong indication for a new compound (young healthy patients; other meds; non-life-threatening;...), then why would Stoll plan on submitting another new compound for the same radioactive indication?
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nakedmouse

11/14/07 12:36 PM

#13651 RE: atheroprevent #13648

"I think that is the message from the FDA, whether it is in writing or not."

I think you give the FDA a lot of credit...more than they deserve. It's hard to believe they'd be so in front on this issue - It would be a first! RD came out of nowhere and I'd bet the FDA doesn't have a clue about it as an indication.

Stoll might have used it as a bargaining chip to keep his shareholders in the game (for whatever reason) but the real objection to the IND remains a mystery, and now even more of one. No letter means anything goes in this game. Stoll was not truthful about "waiitng for the letter".






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food4thought

11/14/07 1:03 PM

#13652 RE: atheroprevent #13648

I guess I don't understand why Stoll does not come out and state just that.

This is my interpretation of "Not ready for prime time". We have spent a lot of time and money progressing to this stage of the game. It is not, I repeat not, all for naught. We have gathered priceless data and experience and have chosen a more lucrative and immediate path with our drug and do still hold hopes of one day introducing CX-717 into the ADHD market. Because of uncertainty in the ADHD arena we have chosen to inactivate our IND for ADHD at this time and pursue more aggresively the indication holding recent positive findings for RD.

Maybe I am an idiot, but I did not get that out of Stoll's conference call.

I so badly want to invest more money into this company by year's end, but I need to far better understand the reasons for which we are where we are in hopes to not repeat this monumental investment debacle with regards to my finacial future.