Possibly Phase 3 trial is ALREADY priced in, so any announcement won't be "news" as everybody seems to think it is a forgone conclusion.
Up 2 cents?!? Yeah, I'd say so.
Article I, Section. 10. No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts;...or Law impairing the Obligation of Contracts [ask GM bondholders!].