As a philosopher of science and statistics, as well as a sometime trader in (those dangerous) biotech stocks, I realize that what is warranted inferentially need not follow what appears to be licensed/unlicensed by the straight and narrow path of officially sanctioned statistics. Understanding the background theories, history, detailed data, and assorted rulings are relevant for evidential grounds, which (despite what we might sometimes think) are rather different from legal grounds. (Grounds for stock trading decisions take one to yet a third and different world, but there are intersections). I only heard of the particular (Actimmune) episode mentioned in my previous blog entry from reading Schactman’s recent post[i], and have only a smattering of the background—some of which might shift the initial impressions of readers. As I’m about to leave London (not even time for a pic), I’ll just post the controversial press release itself, posted on (Dr. Barbara Martin’s) website PATHOPHILIA[ii]:
INTERMUNE ANNOUNCES PHASE III DATA DEMONSTRATING SURVIVAL BENEFIT OF ACTIMMUNE IN IPF
—Reduces Mortality by 70% in Patients with Mild to Moderate Disease— Continue reading