Excellent post, IMO, on multiple counts. I think you’re correct that: i) BMY has an out if INX-189 runs into safety problems before the deal closes; ii) the timing of the announcement was predicated on HSR clearance for GILD-VRUS; and iii) Monday will likely be a good shorting opportunity for some HCV names.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”