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As well, Cempra could well be a buyout target after Solithera is approved by the FDA. As recently as October 1, Cempra's share price was around $26. On October 27th, at the close of trading, Cempra released its Q3 earnings; it held its earnings conference calls that afternoon and filed its 10-Q report.
I think it's fair to say that the general reaction to Cigna (NYSE:CI) rejecting Anthem's (NYSE:ANTM) $184 a share takeover offer has been disappointment. Cigna's share price, which shot up on news of Anthem's bids of $175/share and $184/share, has come back down to earth lately. As you can see below, Anthem's share price exhibited the same trend, albeit far less pronounced. Some have accused Cigna's board of greed, citing the takeover offer's 34% premium to Cigna's unaffected share price.