It’s in Genzyme’s interest to stretch out the process a bit,” Funtleyder, who is based in New York, said in an Oct. 6 telephone interview. Genzyme’s stock has a floor of $69 as long as Paris-based Sanofi’s offer remains on the table, he said. “Two things could happen: bad things, and you still have a $69 offer, or good things, and the value of Genzyme goes up.”