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.
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.
I guarantee these guys cut deals that apply for years.
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.