December 31, 2011
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The worst possible outcome from a clinical trial is a negative result with a drug that actually works in the chosen indication. These ‘false negatives’ almost invariably destroy real value, and for all but the largest pharmaceutical companies spell the … Continue reading
December 17, 2011
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The most dangerous imperatives are those that you actually like. Hearing, and half believing, that red wine keeps the French safe from heart disease has no doubt led to many a hangover. Hearing, and half understanding, John Maynard Keynes’ advice … Continue reading
December 5, 2011
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There are very few rules for the biotech investor that win universal approval. But the first commandment attracts few dissenters: the inventors and developers of the technologies in which you invest your cash must, as a condition of attracting the … Continue reading