Oh my CB.
This is difficult isn't it.
I have tried to show that each project has it's own parameters and it's probability of success will be determined by those parameters and those parameters alone.
The probability may still be low for NEU but it's chance of success will not be influenced by unrelated past trial attempts.
I assess each project on it's own merit, you assess each sector in general.
I can't really explain it any clearer.
bell potters no 1 biotech, page-42
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