Wall--
May a lawyer weigh in? If hearings are held--and I think there's a good chance they will be, because Congressmen love a scandal to grandstand about, especially in the name of helping dying cancer victims--I would fully expect that the investigation will very quickly move from COI's to Pazdur's role in stalling Provenge in the interest of his turf war. The situation is very far from simple having COI's and not disclosing them. The focus is also going to be on the extraordinary measures taken--not just voting "no" and speaking out against the treatment--but sending letters to the FDA after the AC, such letters being not authored by the sender (were they authored by a hedge fund, by Pazdur?, by someone ordered to do so by Pazdur or a hedge fund??--all these issues will be fair game), that the letters were inaccurate and self-contradictory, leaking the letters to the Cancer Letter so that they would become public, any behind the scene threats by Pazdur to have an anti-Provenge demonstration at the Orbec panel if Provenge was approved (as David Miller has speculated), who was behind the question posed at the AC being more stringent than the law's requirement. I probably have even left out some juicy points--but the salient fact is this: there are many whose careers could be on the line--Pazdur, Scher, Hussain, Fleming--and who even could face serious jail time. Where is Sam Waksal right now?? Where was Martha Stewart for over a year??
More important to us DNDN investors (I'm back at 80,000 shares) is--where is Erbitux now?? IF serious misconduct changed the FDA decision from "yes" to "wait for more data" Congress definitely has the power to set it right--as does the fear of lost jobs and prison terms. Until now the cockroaches Scher, Hussain, and Pazdur have been able to get their way behind the scenes in the dark--when the light comes on, roaches scurry to save their skins and the lights are coming on. I'd bet anything Scher and Hussain have already contacted experienced criminal attorneys (they're crazy or naive if they haven't) and that Pazdur is calling in all his chits to try to cover his ass even as we speak.
Lawler is a joke--his column is routinely filled with incorrect facts and dull opinions. He doesn't even have his college degree yet--he's a college student earning extra cash by mentioning DNDN whenever possible for MF to get as many hits as possible. Feuerstein used to be a little better, but he too does little detailed research and lately has lost his objectivity after letting negative emails from dendreonites get under his (thin) skin. Now he reflexively dismisses any news suggesting good things for Dendreon. His column has become worthless--although he too mentions DNDN at every opportunity to get hits. (Of course once Provenge is approved, he'll crow about his post-AC call that approval was likely--he's got his bases covered--can't go wrong by predicting success and failure, you're sure to be right).
IF hearings are held, it is definitely a big deal and could result in conditional approval for Provenge conditioned on completion of 9902b.
Interested parties can help it happen by calling, emailing or writing the panel Chairman to back up the call for hearings.
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