It might not seem like 2016 has been great given where the stock is trading but on a relative basis, ARWR has really outperformed. The IBB has been getting destroyed in 2016, down over 23%. To me, it looks as if ARWR has turned the corner. Use any time frame in 2016 and ARWR has held up well.
Debt relief isn't going to happen. Their debt is already in the form of a horrific convertible. With their sales going backwards, if they don't do some type of asset sale, they will have to file for bankruptcy.
It all comes down to Zohydro. I personally think its a very viable asset in more capable hands.
It's definitely for sale, either whole or piece meal. They can't survive otherwise. No chance, not with their debt load. One of the worst years i have ever seen by any company on a relative basis. Every qtr was below expectations and that's with reduced guidance every qtr. Just an abysmal performance. My grade for management on a scale of 1 to 10 is a negative infinity.