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Trade Ideas (1)
Date Ticker Price Dir Speaker Thesis Source
Feb 18 LONG Marty Makary
FDA Commissioner
The FDA aims to cut the "pre-IND" approval timeline from 520 days down to competitive levels (China is ~200 days) to bring Phase 1 trials back to the US. Reducing regulatory red tape and startup time for clinical trials lowers cash burn for early-stage biotechs and encourages domestic innovation. LONG the US biotech ecosystem. Bureaucratic inertia may prevent meaningful process changes. CNBC
FDA's Marty Makary: Everything should be over...