@BioRunner59 asks, "Will you apologize when perifosine works?"
Yes, absolutely. I understand what's at stake. Part of the responsibility of my job is to hold myself accountable for the predictions and analysis I provide. If I get something wrong, I own it. No one is right 100% of the time. Getting stuff wrong is part of this game, but it's important to acknowledge errors and learn from them.
BioRunner tweeted his question to me because he thinks my prediction of failure for Keryx Biopharmaceuticals' (KERX - Get Report) phase III study of perifosine in colon cancer is going to be one of those calls I get wrong. I disagree, but we'll see what happens when the results are released, hopefully next month. Right or wrong, you'll hear from me.
Now, for our hate-mail segment, also related to Keryx and perifosine partner, Aeterna Zentaris (AEZS - Get Report). Bbrewski writes, "You are just Wall Street Scum and when Peri
MontyM asks, " Discovery Labs (DSCO - Get Report), what happened?" The good news: On the fifth attempt spanning eight years, Discovery was finally able to secure FDA approval for Surfaxin as a new treatment for respiratory distress syndrome in premature infants. The bad news: Discovery is almost broke and needs to raise money to start selling Surfaxin later this year. Investors knew about Discovery's weak financial position before Surfaxin was approved, setting up the stock for a quick but short-lived pop on approval. After that, a sell off was inevitable as investors/traders either a) took quick profits, or b) took quick profits and tried to find shares to short. Investors don't