I disagree it will still move on the data (up or down) as they own 65% of the revenue. Also they have a very interesting IO pipeline further behind and 262+214 will have data later this year. Look at GLPG when GILD bought their equity stake at a significant premium of 58 Euro (in 2015) the stock is 50% higher than the premium today!
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.