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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (55397)6/26/2000 9:55:00 PM
From: Casaubon  Read Replies (3) of 99985
 
Haim,

It used to be that big pharma rammed mediocre compounds through the clinic. Now that truly innovative drugs which really work are being designed, the flaws in the old crap get highlighted. Big pharma keeps loosing market share to upstart biotech, so the only thing they can do to stay in business is buy their pipelines. How many times have you seen old compounds pulled from the shelves due to some "previously unknown" toxic side effect. The new crop of drugs is less error prone as the compounds are specifically designed against a protein or foreign invader (bacterial or viral). The specificity increases the odds of success and diminishes the potential for toxicity complications. The FDA is streamlining and better trial designs allow for more meaningful clinical endpoints.
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