Hi Jock,
I agree that nothing is guaranteed. However I can not see how you think there is a greater than even chance Phase 2/3 will not produce positive results.
I think better than 50% consider the fist round, we will be able to improve those odds if the OLS results are favorable.
Cheers
PAA, A New Dawn , FDA ODD Approval and Entering Phase II MND Trial, page-864
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