GREY:ATBPF - Post by User
Comment by
RjM2018on Jun 05, 2020 10:30am
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Post# 31116168
RE:RE:Why IS THIS STOCK FALLING!
RE:RE:Why IS THIS STOCK FALLING! Hi Mott,
I understand the temptation to want to compare ATE's recent results with published results for Naproxen. However, we would be comparing apples to organges, this was stressed on the call by the CMO. Meta analysis of this nature are imperfect by any stretch of the imagination and incredibly prone to researcher bias (1,2). Hence the need for a dynamic phase 3 trial for direct head-to-head comparison to Naproxen in a controlled setting. It seems to me like this is a cart before the horse scenario - based on your thinking - the market is pricing this stock not on the current great phase 2 results but rather on a hypothetical comparison to Naproxen - a question we will know the answer to after phase 3.
Further, what it interesting is there is variablity in the WOMAC scoring system used across clinical trials which further confounds potential meta-analysis comparison (3). ATE used a 500 point Likert scale in theirs (4: slide 14)
That being said, a member on this board (backtobaystreet) created a table comapring results from various studies highlighted here: https://imgur.com/ZdDqL7m
Sources:
(1)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3868184/
(2)https://www.bmj.com/content/344/bmj.d7762
(3)https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6373321/
(4)https://antibethera.com/wp-content/uploads/2020/06/Antibe-Investor-Presentation-June-2020.pdf