Price firming around $1.07 ish In my opinion buyers here will be rewarded. I just did.
Talk about nervous markets!!! Trigger fingers and traders are very active for this stock today... and no doubt those that gamble have and will make a profit on the swings. My buy was at $1.07.
My guess is that BTI has signalled to Roche that it will happily proceed on it's own. My impression is that Roche is playing hardball and thinks time is on it's side. They can always up the ante if a competitor comes along I suppose. Roche's small molecular, narrow taget 'shuttle' can not compare at all to Transcend.
Someone could get caught offside here. As pmrider alluded to, the stakes are too big for some pharma not to take the leap of faith with Transcend. Roche's game has nothing to do with Abbott, Shire, UCB or others.
Almost every day there is bad news coming out of R&D and clinical trials re new drug entities. Transcend is not a new drug entity in iitself.
Good trading everyone. I am pleased to have purchased at $1.07.