I have given up any hope for more than $2 billion. 

I see zero signs of any smoke suggesting ANY bid is on the horizon.  The more Don talks about a partnership, the more I feel we are not going above $1.33, or at best C$2.  There is nothing but sellers for this stock on any strength.   

The big pharma companies must have done their due diligence by now...and for reasons not stated by anyone on this board (I am totally baffled myself), they appear to have given it the pass.  For whatever reason, BP is content to let yet another Phase 3 come to pass, and may toss some cash our way...but nothing to get us think of any payouts exceeding $2 billion, if that much.  I think the Zenith deal will tell us all.  If Zenith gets bought out, then I will revise my views somewhat...but I see zero smoke signals from any Zenith buyout either. 

Naturally, I would be delighted to be proved wrong...but I am telling you as I see it.

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