Type I vs. Type II Errors: A case study from ALS
Today, the Food and Drug Administration (FDA) approved the drug Relyvrio (sodium phenylbutyrate/taurursodiol; also known as AMX0035), which is indicated for the treatment of patients with amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease. Most people with ALS die within 2-5 years of diagnosis. In justifying the approval, FDA’s press release stated: “This…