Hi, rak,
Could be as you say, but I'm thinking it's something else. There's always the chance it is being manipulated up (geez, I wish all my stocks were manipulated up!), or there is the chance that some good word has gotten around. Glaxo just closed a half billion dollar deal with a small biotech here in SoCal about a week ago (I believe the company was private, but I'm not 100% certain, and it was, I believe, a collaboration between the two as opposed to a buy-out). Perhaps a deal is in negotiation.
Or it just could be the vagaries of the market. But this runup, together with all the positive articles that have been released in the last several months, and beating back the scourge of AF, this far in advance of anticipated results (I don't think an announcement of trial completion would have much effect), it seems, well, odd.
Whatever it is, I hope the share price can continue north, I need it to make up for losses just about everywhere else!