TRPX DealIt is very clear that TRPX was in a position of power during the original negotiations. TRPX had another deal in thier back pocket with CURE and all the terms of the deal favored TRPX, like the set $48million US price tag.
I think the two companies are playing a game of chicken right to see who is gong to budge.
I have asked both IRs about the penalty involved with breaking the binding LOI because that will have a big impact on negotiations. TRPX can probably sit there and hold HUGE to the terms of the agreement and if they back out collect a couple million $ penalty.
I think TRPX put out the PR yestaday more as a negotiation tactic then anything. Letting the public know that it is HUGE that is trying to change the agreement and that they are not concerned about letting the public know that the deal may not go though and they are OK with that.
I think TRPX is worth the price tag for HUGE and they should just bit the bullet and sign the agreement.