New Venturetec

  • http://www.thestreet.com/story…sults.html?cm_ven=GOOGLEN



    Ausschnitt:



    Naturally, Osiris didn't come out and tell investors that it was issuing a misleading press release on the Prochymal heart attack study. Instead, the company claimed the study was a success. That's not true.

    TRADING IN STOCK MARKETS INVOLVE SUBSTANTIAL RISK, INVESTORS / TRADERS ARE REQUIRED TO CONSULT THEIR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION ON BASIS OF ANYTHING WRITTEN BY ME. I MAY OWN OR AM SHORT STOCKS DISCUSSED IN MY POSTING.

  • schau mal hier

    Company Fibs About Clinical Trial Results

    By Adam Feuerstein [Blocked Image: http://i.thestreet-static.com/files/tsc/v2008/css/images/email_9x12.gif] [Blocked Image: http://i.thestreet-static.com/files/tsc/v2008/css/images/print_14x13.gif] [Blocked Image: http://i.thestreet-static.com/files/tsc/v2008/css/images/reprints_12x13.gif] [Blocked Image: http://i.thestreet-static.com/files/tsc/v2008/css/images/feed_icon_12x12.gif] 07/03/12 - 07:52 AM EDT

    Stock quotes in this article:OSIR

    Share0

    [Blocked Image: http://i.thestreet-static.com/files/tsc/v2008/css/images/tryCramers_aap.gif]

    COLUMBIA, Md. (TheStreet) -- Osiris Therapeutics(OSIR) "disappeared" important data when the company announced results Monday from a mid-stage study of its stem cell therapy Prochymal in heart attack patients.

    More from Adam Feuerstein

    Real Money Previews

    • Another Screen for Safe, Cheap Stocks

      This simple stock screen turns up names that will please a deep value investor.

    • Kass: A Brief Bounce

      Today's rapid rally most likely will be short-lived.

    • Two Basic-Materials Stocks on Sale

      Fund managers are shedding shares, and insiders are buying.

    Naturally, Osiris didn't come out and tell investors that it was issuing a misleading press release on the Prochymal heart attack study. Instead, the company claimed the study was a success. That's not true. Figuring out Osiris' deception wasn't that difficult if you know how to parse the language of clinical trial results and look at independent sources of information for the truth.

    Ride along with me as I pick apart Osiris' statements regarding the Prochymal heart attack study. Interpreting clinical trial results with a skeptical eye is a crucial tool for all biotech investors, so apply these skills universally whenever a drug or biotech company tries to convince you that its drug works. Hopefully, you'll find most companies are telling the truth, but sadly and too often, bullish pronouncements about boffo clinical trial data are just spin jobs ginned up to plaster over problems and bad data.

    Here's what Osiris issued Monday:

    Osiris Therapeutics, Inc. announced today interim one-year results from its groundbreaking clinical trial evaluating Prochymal (remestemcel-L) for the treatment of patients experiencing first-time acute myocardial infarction. The trial is the largest study of allogeneic or "off-the-shelf" stem cells ever conducted in heart attack patients. A total of 220 patients were given a single infusion of either Prochymal or placebo through a standard intravenous line within seven days of an acute heart attack.

    Not much to quibble with here except it's helpful to know that Osiris enrolled the first heart attack patient to this study in April 2009, so it took more than three years to complete and report "interim" results. ClinicalTrials.gov [a great, independent source of clinical trial information, by the way] lists the completion date for this study as December 2011, so Osiris appears to be reporting results six or seven months late.

    Osiris:

    Cardiac MRI assessments were conducted for six months following infarct to evaluate cardiac remodeling.

    Cardiac MRI is a precise and commonly used method of measuring cardiac changes in clinical trials. MRI assessments were conducted for six months after heart attack patients were enrolled and treated with either Prochymal or a placebo, but Osiris purports to be reporting interim, one-year results. When were the MRIs conducted in the Prochymal trial? Osiris doesn't specify, which clouds the reported results, especially if MRIs were not conducted at 12 months follow up.

    Osiris:

    Patients receiving Prochymal had significantly less cardiac hypertrophy, as measured by cardiac MRI, compared to patients receiving placebo (p [less than] 0.05). Patients treated with Prochymal also experienced significantly less stress-induced ventricular arrhythmia (p [less than] 0.05). Cardiac hypertrophy and ventricular arrhythmia are indicators of pathological remodeling following heart injury and provide insight into the mechanism by which mesenchymal stem cells attenuate heart injury following a myocardial infarction.

    This is the paragraph where Osiris claims positive results based on Prochymal beating placebo across two efficacy endpoints. Sounds impressive except none of the Prochymal benefits disclosed by Osiris are predefined endpoints in the phase II trial.

    Share0scha mal hier

  • ht-ing hat am 03.07.2012 - 15:41 folgendes geschrieben:

    Ausschnitt:



    Natürlich wurde Osiris nicht herauskommen und sagen, dass es Investoren wurde die Erteilung einer irreführenden Pressemitteilung über die Prochymal Herzinfarkt-Studie. Stattdessen machte das Unternehmen die Studie war ein Erfolg. Das ist nicht wahr.

  • hier ein weiterer Ausschnitt:



    Osiris appears to have thrown out the real endpoints called for in the phase II trial and replaced them with new endpoints which just happen to show Prochymal in the best light. Why would Osiris do this? Perhaps the pre-defined endpoints in the study all failed? That's a pretty safe assumption when companies decide to swap out trial endpoints with no disclosure or explanation.

    TRADING IN STOCK MARKETS INVOLVE SUBSTANTIAL RISK, INVESTORS / TRADERS ARE REQUIRED TO CONSULT THEIR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION ON BASIS OF ANYTHING WRITTEN BY ME. I MAY OWN OR AM SHORT STOCKS DISCUSSED IN MY POSTING.

  • Also im Wesentlichen sagt der Artikel die Phase II Studie ist fehlgeschlagen, mit den vordefinierten Zielen...


    und Osiris hat das einfach unter den Tisch gewischt und aufgezeigt wie andere Sachen positiv rauskamen und stellt das so hin als ob damit ihre Ziele erfüllt...

    TRADING IN STOCK MARKETS INVOLVE SUBSTANTIAL RISK, INVESTORS / TRADERS ARE REQUIRED TO CONSULT THEIR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION ON BASIS OF ANYTHING WRITTEN BY ME. I MAY OWN OR AM SHORT STOCKS DISCUSSED IN MY POSTING.

  • fat-finger-trade hat am 03.07.2012 - 15:46 folgendes geschrieben:

    Quote

    wenn die Studie kein Erfolg war, wieso kann dann die Zulassung in 2 Länder bereits erfolgt sein? Und wir sprechen hier von Länder die ein gutes Gesundheitswesen haben


    die Zulassung ist nicht für den Blockbuster Bereich (herzinfarkte) sondern für nischensachen (GvHD).



    denke der Kurs wird noch viel mehr reagieren als bisher... -20% mein Tipp... OSIRIS

    TRADING IN STOCK MARKETS INVOLVE SUBSTANTIAL RISK, INVESTORS / TRADERS ARE REQUIRED TO CONSULT THEIR FINANCIAL ADVISOR BEFORE TAKING ANY ACTION ON BASIS OF ANYTHING WRITTEN BY ME. I MAY OWN OR AM SHORT STOCKS DISCUSSED IN MY POSTING.

  • Jetzt sind wir bereits auf 10 unten. Ich bin momentan etwas skeptisch. Bin schon beim Anstieg zu spät rein (7.-) und hab dann verpasst rechtzeitig rauszugehen. Was meint ihr, Schadensbegrenzung oder stehen die Chancen gut, das New Venturetec respektive Osiris noch einmal kommt?

  • Vorsicht, wenn die 10 fällt.. dort wird es massenweise SL haben.. das wird dann gleich einen Schub nach unten auslösen! Ich würde jetzt mal abwarten, wie sich das entwickelt und nicht reinstürzen!