Pomalyst is a much better drug than Kyprolis..ONXX mgt knows it
Ortiiga comments are HILARIOUS truly hilarious - amost as funny as when he told us to sell at 70 we were headed to 50s right before the run to 100+....Almost as funny as when he said JPMorgan in Jan was going to be a disaster. ONXX mgt took lower price as they know Pomalyst is an infinitely better drug than Kyprolis - I know a portfolio mgr whose relative was in a group of 10 on Kyprolis - 7 failed the drug quickly.
There is a reason Pomalyst is crushing launch ests early and Kyprolis is missing. there is a reason ONXX mgt is taking the money and running.
Also CELG is light years ahead of ONXX in Europe with recent Ph 3 full approval with OS Pomalyst benefit...ONXX not close to approval in EU.