$PTLA Plunges on News Their Drug is a Farce

It’s amazing to me that so many biotech companies are, essentially, VC styled Ponzi schemes, designed to ingratiate nerd scientists with budgets to pretend to be mad scientists.

This piece of shit company has failed to do anything meaningful. Ergo, the stock is cascading lower.

Portola Pharmaceuticals Inc said late-stage data showed its oral anticoagulant was not superior to an injectable standard therapy in preventing blood clots in acutely ill patients.

There was no statistical difference in major bleeding between the patients who were treated with Portola’s drug, betrixaban, and those given the injectable, enoxaparin, in the study, the company said.