Hey Turks. It will be interesting to see how things shake out.
Snooping around, I saw more than one confirmation on linkedin that Braeburn has in fact laid off their entire national sales force. So I have no doubt it actually happened. (Also saw a lot of Braeburn personnel "liking" Alkermes in the last week...hmmm.)
Without a sales force, Braeburn has to give the rights back to Titan. There is no reason to stall, and stalling without cause could make them liable for damages, so I assume it will happen this quarter.
Valuing those rights is another question. Given the limitations in the REMS and the difficulties experienced by Braeburn, I'd be thrilled with a $15 million cash infusion with a much higher royalty rate.