It's not "bad" news coming. NBIX had said that the Phase III trial information was coming from Abbott last week. They had no business promising something that they were not in control of. Since it isn't here yet, that is not good. Some folks get rightfully sceptical about it. It is definitely worth waiting for the news and should go up nicely once Abbott begins the trial. The fools at NBIX should not have tried to be so specific about the timing. I think I'm glad Abbott is in control of the trial.
I do agree with you that initiation of Phase III trail announcement should come some time this week and I don't expect any problems in starting Phase III clinical trails. Usually many big companies release news after 1 or 2 weeks of initiation of clinical trails. I think the probability is >99.99% the clinical trail for Phase III was already started and news will come out any time. Best of luck for all the longs