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Biotech / Medical : biotech firesales

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To: tuck who wrote (2881)2/21/2012 3:31:37 PM
From: tuck  Read Replies (1) of 3661
 
Chelsea (CHTP) off ~20% on release of FDA briefing docs that don't look very good. Now they are public. Chelsea had bounced some after they revealed what happened. The issue is safety versus efficacy. Northera works, apparently, but only for about a week, and there were bad events during the trials. The question of how much was drug related is not well established, and the FDA docs signal considerable caution here. On the other hand, this is an unmet need. The one approved drug on the market doesn't really seem to work at all and is reportedly going to be pulled in this indication. And on the other hand, the indication is probably not life threatening enough to make this risk-reward worth it. I think the panel is on Thursday.

It doesn't look likely.

Cheers, Tuck
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