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Biotech / Medical : Incyte (INCY)
INCY 104.46-1.1%Nov 28 9:30 AM EST
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To: scaram(o)uche who wrote (1417)4/15/2000 12:40:00 PM
From: Vector1  Read Replies (1) of 3202
 
Dueche Bank Alex Brown led the PIPE. It was all bought by one institution, Janus and to my knowledge they have not sold a single share. Analyst Tang has reiterated his $380 price target as recently as a week ago. INCY may not get there for a long time but at least he has been consistent.

IMO INCY is in tremendous shape. They have a huge war chest of cash and should be cash positive by the end of the year. Look for them to do some munching if things get weaker.
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