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Biotech / Medical : Biotech Valuation
CRSP 55.08-2.9%Dec 26 9:30 AM EST

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To: Ian@SI who wrote (23472)4/17/2007 3:32:45 PM
From: tom pope  Read Replies (1) of 52153
 
Ian, for those who don't have WSJ subscriptions, I thought I'd add his next para:

The goal was once to continuously expand the pharmacopeia of available drugs, as long as each drug was safe. But, apparently, not anymore. In voting 20-1 to reject Arcoxia, FDA's advisers said that for certain ailments, we have enough medicines. This will ultimately deny patients needed choices and it reflects a dangerous way of looking at drug development, safety, and, more importantly, the practice of medicine. Science is leading us toward matching specific drugs to specific patients, a therapeutic process that requires more drug variety, not less. The FDA may now be moving in the opposite direction.
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