Feb. 2 at 9:27 PM
$PPBT
The Non‑Pipeline Signals Are Just as Loud
Beyond the science,
$PPBT has a stack of classic pre‑M&A signals lining up:
• Cash runway forces a decision point — partner, raise, or sell
• Management bought shares at these levels, aligning them with a takeout outcome
• Investigator‑funded Phase 2 reduces burn and provides independent validation
• Strategic silence around late‑cohort NT‑219 data
• Three assets at three different value‑inflection stages
• Institutional holders already positioned
These are the same operational signals that tend to show up right before a company enters a transaction window.
