I don't think everyone should get bogged down on merger.
This concept was just one that was discussed as suggested by Piper Jaffray - to try to smooth the pipeline to include products that regularly come to commercialisation. Again, look at that Gilead link to see how successful they have become - a global top 25 Pharma after humble beginnings - similar to Biota. They just took their first blockbuster and moved forward wisely.
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