I expected delay, it was the most obvious fate given the fda nature and what happened to drisa. But where i might ve been wrong is i expected a delay to be negative for srpt given what the delay meant for bmrn. So was there a leak on how the fda is leaning / already decided or is this an options headfake? Will be interesting to see
What are the chances they are THAT incompetent? I think a greater chance that there is corruption going on, like Hamburg-like corruption......ie a hedgie or big pharma got to Farkas et al.....
And of course if that scenario played out, fda would have to issue crl to 51 now. Do i agree w this? No way! But im just trying to read the tea leaves correctly.....
I would be inclined to agree with you but to play devils advocate: why would it not be possible that fda said- you get either exon 45 andor 53 to pass a RCT (placebo trial) and then (and only then) 51 will be approved as a fast follow on to either 45 or 53?
Yep methinks Farkas learned a thing or two from Hamburg in terms of protecting big pharma andor hedge funds. Puts Woodcock in a very precarious spot
Absolutely fascinating following this stock. The stock goes from 8 to 14 after adcom fiasco. Cramer goes from SRPT=RIP to saying he hopes etep is approved. AF also flip flops and rips off Seiffert and Barrons in the process. The entire float has traded almost TWICE since adcom. Then Sen Rubio making that impassioned spot on speech and the wsj calling out fda (Farkas). It seems like there has been an inflection point (bigtime) with etep. We shall see
You mention that letter and question if the drug works? why would 53 out of 54 (or whatever it was) go up during open testimony at adcom and testify on eteps behalf if the drug didnt work? What are the odds of that?
Speech on adcom. Imo great speech Sen Rubio, he is dead on
Adcom panel was obviously hand picked by Farkas. And its very interesting, it had a different make up from drisa panel which was pretty impressive
Says hopes drug will get approved. Great stuff even for him
Definitely could be, but on the other hand AF and his boss JC have taken some well deserved hits to their reputations lately so this could be AF trying to look like a hero out ahead of a positive decision. That would help his rep. We shall see could be either
Why do you think Farkas was such a bungling stuttering mess. He knew JW was watching him closely. Especially after all this #$%$ with stock manipulation w slimebag Hamburg
AF was tight with CG, i doubt hes tight w EK tho so i doubt its a secondary. It may just be Edelman paid him off or it could be smart $ already got in and they really believe JW et al will approve