you are viewing a single comment's thread.
I have been trading biotechs since 1992. IMO, NBIX could see $10 by Y/E on positive pipeline news. Wild Card is GSK/NBIX depression drug.yap...... supply is dry'n up at $4.00 range, heading for greener numbers........ $5E partnership within 45 days
Trading always does seem to dry up whenever the market is expecting another binary event - "ladies and gentlemen, no more bets please, the wheel is in motion". Usually followed by mad panic - either buying or selling.
Elagolix partnership is not a binary event......there will be a partnership its just a matter of how big. Is it Worldwide or just N America, is it just for Endo or for all future indications!!.$4.25 the partnership is not built into the stock price. Endo alone is some where near a $1B indication for Elagolix.