Still comes down short term, will Merck fund the Phase 3? Certainly possible given the recent big volume in the stock. Could the volume be attributed to impending Merck news? Certainly is a possibility. Things are getting very interesting. If they do fund the Phase 3, how high will the stock price go? Above $10 wouldn't surprise me.
What a wild story Lurk. Actually, the guy probably will now be an ex-trader. That's the trouble with being short. No limit on the potential loss. If he can't absorb a hundred thousand dollar hit, maybe he needs to find another line of work. (Insane trading on KBIO today.)
Why don't they buy RLYP for $2 billion? Wouldn't break my heart. Only thing better would be $3 billion.