PAA 7.69% 21.0¢ pharmaust limited

Ann: Elanco Option Update, page-134

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    What I am curious to understand is where the mismatch in expected goals or outcome was.

    PAA clearly stated many times that stable disease was a good outcome. I assumed, wrongly it appears, that given Elancos apparent involvement in trial parameters that they would have shared that opinion.

    It is now clear Elanco expected regression or at least a much larger trial number for stable disease. It seems this has come as a surprise for PAA.

    How did the expectations become so mismatched, given Elancos apparent involvement in setting up the trial. Something doesn't add up.
 
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