They always said Cotara deal in Q112. Is the quarter over yet? Nope. No guarantees. These guys have yet to put together a deal that stemmed the dilution. But the jury is out on the Cotara deal.
June is the month everyone is waiting for. I think the volume suggests positions being taken pre double-blind data. I expect us to run into that data (it could be a Cotara deal, but it's pretty well timed for the PIIb run). Of course, a Cotara deal would jumpstart the run.
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