I should add that in order to keep key people involved in the effort - (getting E et al through multiple trials) you have to give them the incentive of long term security in today's hot biotech market.
Without an army of highly paid talented people in SDiego Munshi (sitting in Park City Utah, Arena Headquarters) LMAO ). would never be able get E across the finish line. He must tell his highly paid execs, directors and managers the gravy train will be here for a long time - or they will laugh at him and take jobs with solid Bio's that have proven DEDICATED leaders.
Edit: Could be that Munshi is a bit smarter than appears on the surface. By having a pseudo HQ in Park City he can meet with BP suitors without raising any suspicion amongst the worker bees, after all he does have a huge amount of experience with employees jumping ship.
he will be selling at the success of E P3 - next year. He is already an absentee CEO.