At the end of the day, it is all about risk benefit trade off. We have a very favorable risk benefit situation with Tlando that would benefit a lot of patients. If FDA does not approve of this they will be doing a big disservice to the patient community.
These are going for 2+ dollars. If you want to hedge, you can sell calls. But you will be regretting big if Tlando gets approval on 28th of this month and stock shoots up big. May be you can sell calls on a part of your position. Good luck!