I have watched very low volume companies prior to a FDA announcement about the approval / disapproval of a drug, and it always occurs a few days to a week before a major announcement by a company. It appears the market makers are accumulating shares for the big announcement.
B.S! PIP and its fraternal twin, SIGA, are both over hyped entities. Other than Captain Obvious, via several aliases, posting on both boards there is little interest in these companies. The real interest left long ago. Think of the worst thing that can happen concerning these 2 companies . . it probably will . . soon.