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Biotech / Medical : Biotech Valuation
CRSP 53.85-4.5%Jan 9 9:30 AM EST

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To: BulbaMan who wrote (9111)9/11/2003 5:16:12 PM
From: Michael Young  Read Replies (1) of 52153
 
<< And, neither Aventis or Genta seem likely to be companies that would go out on a limb for a drug they knew was ineffective.
>>

I think both would certainly spin lackluster results and hope for the best. I wouldn't expect them to call it quits, even if they privately realize they odds of approval are small. Biotechs are (unfortunately) notorius for playing these games with the investment community.

I get weary of bio execs talking about great trial designs and strong endpoints as the trial is in progress. Then the results come in and suddenly there were problems with the trial parameters that kept the wonder drug from hitting the primary endpoint.

MIKE
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