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As Paul Hopper said in one of his interview (if you havent watch...

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    As Paul Hopper said in one of his interview (if you havent watch this, i highly recommend you to), most biotech trial fail at Phase 2 which is why biotech are generally underrated before Phase 2 result is released. I have never really hold or expose to biotech companies that went past Phase 2, any help with my questions above would be helpful.
 
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