implications for big pharma deal, page-14

I think the thing to hope for is that all doesn't get to a vote without things changing a lot. If nothing else happens and we just end up with this deal in March, then we'll pretty much have to take it (assuming PGL folk haven't scuttled the idea). My hope is that this will have irritated the big pharma people and they'll lock in a deal before the March meeting, meaning we can vote down the PGL proposal knowing the funding for ATC is in place. Avexa have made it clear they are still in active negotiations with big pharma and my guess is that they would very much prefer one of those companies to jump in right now and take away the need for Avexa to be doing little deals like this one announced yesterday.