Jeez, I sure hope that people are not dropping $20M in AEZS because they think somehow KERX and AEZS are still tied at the hip (which of course they no longer are). I'm gonna have a little faith in my fellow man and (hope, pray, etc) that people are not that stupid and that this is something else entirely (again, hope/pray). Congrats to all who held their KERX shares though...wish I had!
IMHO I think all the talk about mergers/acquisitions, patents expiring on drugs so big pharmaceuticals are looking for replacements, plus the recent KERX movement has investors looking at other BIO's where there is not much downside risk but potentially a lot to be gained on the upside if they develope a successful drug candidate. RNN is another example where some may be accumulating now. I am not recommending RNN, just pointing it out as an example.
It's just mindless kerx momo IMO. Look at the timing, it's not a coincidence. When a stock moves big and momo guys think they missed out, the always look for ancillary plays......the prob is we are no longer ancillary to kerx.