james, couldbe, concapk:
I always like to go with the assumption that a BO is cherry on top, never assume it is impending for any of your investments; JT has similar attitude, he has explicitly said so in past - he said that great companies are bought instead of selling themselves - in other words, as a smaller bio don't try to focus on selling yourself but rather to create a productive, successful organization; then and only then will someone be attracted to you; unlike most of us, his prime focus is not to put his efforts into trying to sell the company but rather to create a successful US launch; other initiatives....
having mentioned that, I am sure he will take a reasonable offer, the company has made tremendous strides; going forward, IMHO a BO offer will be less than earlier but precisely because of that the likelihood is higher.
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