View Full Version : 770+809 clarification

06-02-2012, 02:24 AM
This Forbes article should help clear up Vertex's "data bungle"

<a href="http://www.forbes.com/sites/matthewherper/2012/06/01/clearing-up-vertexs-data-bungle/?partner=yahootix">http://www.forbes.com/sites/matthewherper/2012/06/01/clearing-up-vertexs-data-bungle/?partner=yahootix</a>

"<span>In its press release, Vertex, said: &ldquo;These results were relative improvements, not absolute improvements as originally reported.&rdquo; "
"<span>the mean absolute change from baseline was 4 points, that the decrease in FEV1 in the placebo group was 4.6 points, and that the mean change in FEV1 compared to placebo was 8.5 points"



06-02-2012, 04:20 PM
thanks for posting. In the last paragraph of this article, it says this new data is stronger than the past data it released.. Which does not make sense given that the stock dropped....
or maybe the stock dropped simply because there was information incorrectly reported which makes the data look unreliable

06-02-2012, 04:39 PM
Actually the stock price rebounded quickly b/c investors processed the correction--the headlines sounded bad but the mean absolute info released was great!! Hope you're doing well.