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But what's a p-value, really?
Generally speaking, the whole point of the clinical trial is to determine whether an intervention outperforms placebo. To determine whether results are statistically significant, researchers use a measurement called a "p-value." But, uh, what is it?
For those of you who could use a concise explainer of how a p-value's derived and why it's still considered the gold standard for statistical significance, watch this video from STAT's Damian Garde.
Watch here.
options
Moderna CEO still donating stock windfall to charity
Moderna CEO Stéphane Bancel made $398 million in stock returns last year alone — but said in a new company filing that he's "committed to contributing the after-tax proceeds from the option exercise to charitable causes." Bancel's windfall is due to pre-planned stock sales, based on stock options he acquired in August 2013. They expire this coming August — so since last May, Bancel has been selling them off. They were purchased at $0.99 per share, and he's sold them for $140 per share.
Last year, Bancel wrote a blog post that explained his rationale for donating the money — which he projected to be about $355 million after taxes. "If we do not exercise this stock option, it will expire and be worthless," he wrote. "As such, our choice is clear: Exercise the option and use this moment to create positive change in the world."
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