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[A566]Answers To All Questions
by Roy Macnaughton, Roy
It just wasn't working. This bothered Campbell, who for three decades has been viewed as a preeminent expert in the rendering of Canadian independent business valuation opinions in large and medium Canadian public and private company shareholder disputes and company valuations. He literally wrote the books on this subject. They are used by professionals all over Canada.

For several years, with the assistance of three investment advisors, each of whom specialize in different industry groups, Ian has researched macro-economic concepts and investment ideas online. He consistently spent more time doing this than he believed should be necessary. At the same time he had to develop financial and market comparators that he could not readily find in one organized place.

Campbell then considered what he had learned in his years of helping clients determine the value of their companies and investments. He concluded that if the most pertinent data was consistently summarized across a focused group of companies, and focused due diligence techniques were applied to those companies in much the way a company acquirer might do, this should lead to considerable time efficiencies and importantly, to a more in-depth knowledge of the companies.

The result, after nearly one year of research and site-building, is a unique site, recently launched in December.

Campbell was particularly interested in the due diligence aspect of getting to the heart of the financial matters of these publicly-traded Canadian Junior Mining and Oil & Gas Industries. Campbell and his team developed a patent-pending 'due diligence' questionnaire that includes more than 200 questions organized by three dozen topical headings.

The questionnaire searches company documents by keywords. Search responses are linked to company documents enabling site members to link directly to that response as it appears in the company document. Later, a special search-report is available for the member's review and follow-up.

Members have an opportunity to quickly and systematically learn a great deal about an individual company without having first to read voluminous corporate documents

Now here is where I think it really gets interesting. Members quickly learn what the company has not disclosed that may be important to their own work. All questions that do not yield a response to the special key words and phrases search are reproduced in an abbreviated 'follow-up questionnaire'. Often the questions that weren't answered are as ' if not more ' important as those that were.

It has taken nearly one year of hard work to find out what the indivfidual investor and the Investment Advisers wanted; then to organize it in one place so they could find what they need and make their own investment decisions. So far, it looks like Campbell has hit the nail right...on the head.

©Copyright, R.W. MacNaughton, 2007

If you have been following this blog, you know I am on a campaign to get some answers from the FDA on how they evaluate potential new drugs. In this case, we are following the evaluation of a potential drug for my condition, CLL, and whether the evaluation is fair and based on the FDA and its outside consultants being conversant with the issues CLL patients and expert hematologists face every day. Basically, we are trying to a see if the process gives us patients appropriate opportunities to have potentially life-saving or life-extending drugs.

You may recall, I actually went to Washington, D.C. to testify as a patient advocate as an FDA advisory committee was evaluating Genta's drug, Genasense. I came away feeling both the FDA presenters and several committee members were not giving the drug and the sponsor their due and that patients were losing in the process.

The FDA assured me they had consulted with CLL experts, even though a big lineup of them were there to support the application for approval and further study. The FDA would only tell me who they consulted with if the sponsor, Genta, okayed it. Genta did and yet the FDA still has been slow to give me any information. I heard from them today, and they said they had been delayed as they consulted with internal attorneys. They asked me to stay tuned.

However, on the Genta side, the company has provided me with detailed answers to sophisticated questions posed by readers of my blog, and I will excerpt them below. Many of you have written in with questions about Genta, Genasense, and their history with the FDA and study data. So, in an effort to keep you informed as we weigh in as patients, here goes:

Issue #1

Did Genasense fail to live up to expectations and provide only marginal benefit?

?20% difference was not the agreed upon goal for the Genasense CLL study. The ??goal?? was to achieve a statistically significant difference in the CR/nPR endpoint. That goal was achieved. The 20% was an estimate used only for determining sample size ? in this case we estimated that by examining historical information before we started the study that the control arm would yield a 24% response. Again, this estimate was based on historical CLL clinical trials data. The Genasense Phase 3 randomized clinical trial showed that the control arm response was actually only 7% in a rigorous study. This trial, being the first randomized study in relapsed or refractory CLL, used rigorous assessment criteria and therefore may have established a new benchmark for control arm response rate in CLL. In addition, the company estimated that Genasense would improve control results by a factor of 1.8. The trial showed Genasense improved that rate by a factor of 2.5, much larger than projected.?

Issue #2

Was the FDA and Genta Fighting About Confirmatory Study Details?

?There were no substantive outstanding issues on the SPA. The last item was an FDA request for more clarity on how the independent review for response would be conducted. There was of course, understanding that the trial would be confirmatory after accelerated approval, and that would still be the company's intent.?

Issue #3

Was Genta and the FDA at odds about what the endpoints were supposed to be for the Study that was presented?

?The FDA agreed in writing that: ??durable complete responses supported by symptom benefit? are acceptable efficacy endpoints. (Dated from an FDA correspondence on 1/9/02). FDA stipulated that response rate, by itself, would not suffice for full approval. The company had always stipulated that we would be filing for accelerated approval, and that there were very substantial data to indicate CR/nPRs were highly beneficial for patients. We confirmed that finding in our trial.?

Whew! I know this is technical, but it speaks to the heart of issues that companies fight about with the FDA. It's important for some of us with science backgrounds to try to understand and to monitor the process. Otherwise, there's always the chance some potentially beneficial drug will be killed because a bureaucracy or a powerbroker lined up against it and we didn't speak up.

I don't mean to say the FDA is necessarily unfair. I just don't know. I can't wait to hear their side of this and I bet there are thousands of CLLers and other patients who are following this saga closely too.

In the end, we need to insist, as a community, to make sure we are protected. But we must also insist that we are given hope with new therapies and that our governmental processes are doing their very best for us, the taxpayers.

Because of my business endeavors, there are a few things you should know. HealthTalk has, in the past, produced programs on CLL treatment that were sponsored by unrestricted grants from Genta, the developer of Genasense. While there are no current or planned programs, you should know that the possibility of future programs exists. In addition, I now run a company called Patient Power that received an unrestricted grant from Genta to facilitate the travel of three people (myself, a CLL patient's family member, and another CLL patient) to the public hearing. Both at HealthTalk and at Patient Power, Genta has neither prompted nor had any control or influence over what we say or write.

Article Source : Pg. 81

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Both Roy Macnaughton & Andrew Schorr are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Roy Macnaughton has sinced written about articles on various topics from Finances, Stock and Finances. You can learn more about this transparent, time-saving site at: Roy Mac. Roy Macnaughton's top article generates over 18100 views. to your Favourites.

Andrew Schorr has sinced written about articles on various topics from Finances, Cancer and Disease & illness. Andrew is a CLL survivor and the founder of HealthTalkAndrews Blog can be found at For more information, articles and programs about chronic lymphocytic leukemi. Andrew Schorr's top article generates over 18100 views. to your Favourites.
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