imcl - Why put yourself up for sale at this point when the completion of these trials is so close? Why not wait?
My opinion is Risk/Return. If IMCL can cash in at say a 38% premium over the current market price or about $47 regardless of risk of the trial data why not sell? Its similar to GTCB selling shares ahead of approval. I think IMCL will try and get a nice takeout package, lock in some nice capital gains for its employees and executives, and it gives them the opportunity to advance its current and future trials with nearly endless capital. Big pharma needs a pipeline so why not sell out?
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