NOTE: This post has been re-upped, and updated, because it seems a whole new group of stuck-at-home investors have heard the siren song of this pox upon the public markets.
Never one to let an overblown media frenzy over a disease scare to go to waste, long-running biocon Nanoviricides (NNVC) is back.
Read the backstory from 2014 on this scam, here, in a great piece by Duff McDonald in the New York Observer. Check out some of our notes here and here, and an amazing expose of NNVC and CTIX/IPIX‘s Krishna Menonhere.
After weeks and weeks of patiently waiting, since the close on the afternoon of Friday the 5th of March, everyone’s favorite reverse-merger pink sheet Coronacrapper, Cytodyn (CYDY) has issued not one, not two, not three, but six (6!) press releases.
The NaDDiR* has also done a Saturday night pump video, available here. Not one of the press releases has actually given accurate, complete, trial information. All of these appear to have been designed to hide the fact that the CD12 trial of loserlimab in Severe-to-Critical Covid-19 failed miserably. To obfuscate this simple fact, the company has tried to mislead by offering invalid subgroup and sub-subgroup analyses of made-up endpoints. Why invalid? Because the subgroups and the outcomes were not pre-specified. The FDA has correctly rejected these as the basis for any sort of approval or EUA decision.
Rejected by all three agencies, and forced to complete a new study. Hint: This doesn’t happen if the old study was a success!
On a positive note, the company finally admits that they did not do an Open Label Extension to the CD12 trial, rather they added an Open Label Arm. These are not the same thing. Precision counts when dealing with the regulators. The study records regarding this (see link to CD12 study above) still have not been updated since November 16, 2020, so the truth may never be known.
Are you an angry bagholder, or just someone who still believes the company and its nonsense? Then please, please, please, take a minute and buy this book from Amazon which is conveniently on sale for just $0.99. When Prophecy Fails, by Festinger, may help you avoid such tragedies in the future.
The Klown Krew is smart enough to avoid that. Instead expect them to offer pre-written platitudes and spin from pre-planned “questions.”
Perhaps after the CONference call we can get into the weeds and discuss the failure of Cytodyn to correct for multiple comparisons. This why the p-values given for the results in the post-hoc subgroups are invalid. We can explore the mysterious disappearance of 10 patients from the trial. And we can examine the even more curious disappearance of 7 deaths from the trial. Either loserlimab really can reanimate the dead, or the Cytoklowns can’t count very well. Our guess? The latter.
* Spelled Thusly For A Double Dose of That Sweet Sweet Stock Pimping
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