Failed trial, successful drug: How a negative readout can lead to FDA approvalA failed late stage clinical trial is bad news for patients, the drugmaker, and investors who made a bet that the product would be successful. But it doesnt always mean the end of the road for a new drug. In our latest report, biopharma consultant Frank David, M. D., Ph. D., author of two highly popular drug industry handbooks The Pharmagellan Guide to Analyzing Biotech Clinical Trials and The Pharmagellan Guide to Biotech Forecasting and Valuation
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Failed trial, successful drug: How a negative readout can lead to FDA approval