I'm thinking GTCB has decided their bargaining position has been damaged by the slide in share price and wait for a bolster from trial data with a bump in share price to negotiate a better deal. They were perhaps naive in alluding to the deal proceeds before it was a done deal. The delay has eroded the share price further. They should have asked Dale Oleseth(SRDX v. JNJ) for advice. Dancing with elephants for fun and profit is not easy.
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.