This always happens when the market gets flooded. I'm afraid a lot of these deals are getting lost in the shuffle and this is what is happening with Western.
We haven't seen as many of those break through deals the past two weeks, and next week is going to be more of the same. But there's a lot more strength in the biotech market than the last two week's run on the sector would indicate.
This next week will be very, very quiet. Not only are there very few deals, but these are deals that wouldn't do well in a strong market.
I guarantee these guys cut deals that apply for years.