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Biotech / Medical : Biotech Valuation
CRSP 52.97-1.0%10:55 AM EST

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To: Icebrg who wrote (8258)5/5/2003 9:09:23 PM
From: Ian@SI  Read Replies (2) of 52153
 
Erik,

Isn't the tradeoff:

1. Certain death without Iressa; or,
2. A 1 in 10 chance of survival with it?

... except for the several hundred unexpected deaths in Japanese pts using Iressa out of the many thousands treated.

Essentially, rather than lowering the bar perhaps the FDA is merely recognizing normal human hopes,needs or desires.

I would agree that Velcade, being almost 4 times more effective in refractory MM would seem to be a cinch for FDA approval if they'd completed their PhIII rather than just started it. All the same, I expect some form of limited approval in July at the very least.

JMO,
Ian
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