Birdies say Buyout/Takeover: Bingo senorita, I totally agree with you. I made a call and got the same feeling. They have something going on but won't say and they said that their hands were tied from talking/releasing anything the past few days. I asked about a possible takeover/buyout from TEVA and I mentioned the fact that TEVA has put this out in their recent press release (looking for buyouts such as BPAX and the same mkt cap size) that they are targeting 100mm market cap+ Biotechs and they admitted this is the case but couldn't confirm it was BPAX.
There is a good chance BPAX is in the middle of doing a big deal/poject or buyout/takeover now and it has to be approved or needed both lawyer parties on each side to approve it prior to executing and releasing it to the market. Regardless I feel we will get some big news from the company by next week sometime. To many positive things going on right now with BPAX.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.