GSK needs to find a replacement for Avandia. Biodel meets their criteria on several levels.
http://www.reuters.com/article/idUSTRE66P13K20100726
Biodel is substantially undervalued relative to both its short term and long term potential.
"SNY" has spent $17 billion for 25 small bio-tech companies in the last two years. Biodel fits the profile of the acquired companies perfectly. Average price tag:$685,000,000
BIOD will NEVER be sold for under $1B.
SNY has spent $17 billion on 25 acquisitions in the last two years. Don't dismiss them as a potential suitor.
$15.00 by the end of the year sounds reasonable.
"GSK or SNY"!!!
It's all good!!!
"My pick!!!"
The longs can use all the cheap shares that the shorts want to give them here.
Add a few shares before the run higher begins in earnest. Market is just starting to be made aware of the upside with Biodel.