There will likely be a date that NEU would put the wheels in motion to go it alone. One of their stated aims has been speed to market and Leerink has been on the hook to make a deal since August '16.
There has to be some chance that the end of Q1 was that date.
While we have all focused on RT seeking the best possible terms for a licensing deal or takeover, he would also be seeking to get the best result in dealings with LW if he has been the obstacle to accepting the offers the Board has considered to date.
Only the inner circle knows the real reason Bruce Scott quit the Board.
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