Jul. 21 at 2:58 PM
$RZLT seems like just about every day, a small biotech is getting acquired. Today it's ITOS. One of these days it will be RZLT.
There is no reason for big pharma to wait for the data in December and pay a lot more. Between the phase 3 interim analysis, the strong phase 2 data, and the recently released data showing that there is no difference in phase 3 patient population vs phase 2, this is very de-risked and ready to be acquired.
That being said, if they want to wait, this goes to
$10 on phase 3 results, and then they acquire for
$20, that is fine by me!