Cassava Sciences Inc (SAVA)

[Tekterra]

I do agree on one point is that a buyout is probably easier done with PTIE. It's not as complicated compare to Rexista and PODRAS.

However, the price action hasn't been very encouraging, and the stock can go in both directions fast depend on what happens next.

They vote ok on RS and explain to NASDAQ that they just secured positive FDA guidance on Remoxy gets 180 day extension. that's probably what's going to happens, but it also means a deal has to close within that time frame for this to go anywhere fast. Otherwise, it needs to maintain above 1$ somehow until year end where they complete the trails and resubmit the NDA.

Even so, who's to say Purdue won't try to stop or stall them? We will have to wait and see, maybe with a small position but not going to bet more until some risks are removed.