Patent 8,293,752 with Millenium became official today. This patent covers compounds useful as RAF Kinase inhibitors. I don't know if we will hear anything from Millenium or Sunesis on this but our IP protection appears to be stronger. It may be a while before we hear anything about the Phase 1 study currently underway with them.
I was wrong on a couple of more upgrades from the analysts. I thought we had 2 more coming down the pipeline around 10 and a little above. I am sincerely sorry if I threw anyone a curve ball on that but it is a fact that patent 8,293,752 is official as of today.
Lot's of people locking in profits as we speak. Can't blame them. It probably will drift lower from this point but if you are an investor, should be a very safe buy and hold strategy at this level for a 12 month hold.