Not sure what the reason is but the volume today is much heavy than the average volume traded at this time of day. Also, I have been watching the options volume for the past week and there has been much more call buying than puts. It could just be people hoping for something positive or they may actually be something positive on the horizon. Either way, this is very interesting trading in a down market today,
We know for certain that Glaxo will be filing for FDA approval in the 2H of 2016 for the shingles drug which should have no problem getting approved since it is more effective than Merck's which is already approved. This will start giving AGEN nice royalty stream coming in. Also, Glaxo has the option to buyout AGEN which is part of their partnership agreement. This option expires in 2017. Instead of paying AGEN royalties, Glaxo may just option to buy them out. There is a lot happening with this company and it has the potential to really take off.