Re: Statistical Considerations
in response to
by
posted on
Mar 08, 2018 07:06PM
Agreed on that one but I can't comment on Don as I've said enough about him. I'm sure he is incredibly stretched and I've always believed he has the best of intentions for everyone. Remember, he has family in this. Obviously the incentive of driving a share price of $8 as per Beacon would generate about $36,000,000 for him if he could cash out. However, in my opinion, Don does not appear concerned with share price to raise capital (my evidence - no NASDAQ, no effective IR). He knows this is a much bigger game...in my opinion.
Opinion - I believe, without 1 ounce of proof, that Don understands that the potential of this entire package (IP, scaffolds, blood bank, processes, multiple indications, completed trials, etc) of science is worth far, far more than $8/share. And, my opinion, I believe that is why Don is having a very tough time with deals. As critical as I have been of Don I do believe he is tough and is not going to sell out cheap. He does not have to sell out. I believe (my opinion) that he will get the money for the trials. Fact - He always has!
Hartland, your post and the reply really got me sobered up and I can't get it out of my head. It really got me thinking because I have been far too positive.
But now that I am sobered up;
But with input from the steering committee and I believe even the FDA (way back then) the primary end point of BoM became 3 point MACE.
So in simplistic terms we have a much longer trial with some patients already being treated up to 120 weeks (?4 times pervious trials). (opinion or question - this seems to be a much smaller trial that other CVD trials with CEPT inhibitors...I do not know if that is true but that is my recall).
So the top line results, it seems, will be based on the time to first MACE test (SOC + apabetalone) vs control (SOC) and (per most scientific research) this will be determined at the 95% confidence level (good...at least it is not 99%). I'm a mathematician and statistician (not a bio statistician) so I'm not qualified to understand the underlying statistical tests. However, if the statistical variances are large in one or both test and control groups even if there is a numerical difference in favour of apabetalone it may not be significant at the 95% confidence level.
From what I understand (please correct me if I am wrong) 5 point MACE, which we know allot about, will not be presented at the top line analysis. I truly hope I am wrong.
So, if the simple total sample statistical difference for 3 point MACE turns out to be not significant at the 95% confidence level the stock price, just like (in my opinion) June of 2013 which I lived through and I didn't sell a share, will be the new reality sometime at the end of Q4 2018 or beyond.
I have not sold a share nor do I intend to. I'll be here to see this out.
Hartland, again thanks for your question! It really flushed things out for me. Hopefully I can get over my posting disease and just become a reader of the great posts on this site.
GLTA and thanks to all!
Toinv