First off it ignore the fact that if you include frail patients you’ll confound the results of the trial. So there is a good reason for it.
Second, saying “rate of SAE is higher than rate of treatment effect” is a bit silly considering these are cancer trial - without treatment there is a risk of death so most people are willing to accept SAE in order to achieve treatment effect.
Third, saying “the sickest patients saw the highest increase in SAE” seems obvious? It’s exactly what you’d expect.
Second, you're ignoring the possibility of other treatment options. It isn't always the binary life-or-death you're making it, so SAEs do matter.
Third, a big part of trials is to discover and develop prevention methods for SAEs. Explicitly ignoring the people most likely to provide data valuable for the general population sounds like a pretty silly approach.
A common reason for a drug (especially a cancer drug) going to trial is because other options have already failed. For example CAR-T therapies are commonly trialed on patients with R/R (relapsed/refractory) cohorts.
https://www.fda.gov/regulatory-information/search-fda-guidan...
> "In subjects who have early-stage disease and available therapies, the unknown benefits of first-in-human (FIH) CAR T cells may not justify the risks associated with the therapy."