Re:Peter Thiel Explains Biotech Investing Rationale: Get Rid...
by bayesianhorse on Tuesday September 15, 2015 @08:16AM
(#10220160)
Biotech companies don't risk so much randomness because they like it that way. It's because without most of the randomness there is no possibility of breakthroughs.
Still, optimizing experiment design through a balancing of bayesian statistics, simulation and cost optimization may result in savings or less capital risk.
Still, optimizing experiment design through a balancing of bayesian statistics, simulation and cost optimization may result in savings or less capital risk.