Buyout won't come until they get additional indications. They won't take a buyout now, wait until it's $60 a share on its own, but that won't come from this one indication. This patient population is too small to be a blockbuster.
See Avanir, once phase 2 data came out on Agitation in Alzheimer's, they got bought. If ACAD gets great data on Psychosis, this goes through the roof. Too bad the product is classified as an anti psychotic. Will hurt sales in geriatrics.