'A Conflict Of Interest Behind The Warning On Apellis's Eye Drug? The Optics Are Not Good' - Stat News
Portfolio Pulse from Happy Mohamed
Peter Kaiser, a retinal disease expert who runs the Cole Eye Institute at the Cleveland Clinic, failed to report his financial ties to Iveric Bio, a competitor of Apellis Pharmaceuticals. Kaiser's committee flagged a severe side effect of Apellis's newly approved drug, Syfovre, raising questions about a potential conflict of interest.
July 27, 2023 | 2:24 pm
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NEGATIVE IMPACT
The conflict of interest could potentially undermine the credibility of the side effect warning on Apellis's drug, Syfovre, and may impact the company's financial health.
The conflict of interest could potentially undermine the credibility of the side effect warning on Apellis's drug, Syfovre. This could lead to a decrease in the stock price of Apellis in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Iveric Bio could potentially benefit from the controversy surrounding its competitor, Apellis Pharmaceuticals, due to the conflict of interest.
The conflict of interest could potentially benefit Iveric Bio as it could undermine the credibility of the side effect warning on its competitor's drug, Syfovre. This could lead to an increase in the stock price of Iveric Bio in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80