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Biotech / Medical : Biotech Valuation
CRSP 52.18-2.5%Dec 1 3:59 PM EST

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To: Biomaven who wrote (4139)6/17/2001 12:18:57 AM
From: Larry Liebman  Read Replies (1) of 52153
 
Peter, I have a similar inclination as to HGSI. I finally bit the bullet and collected some at $65. I listened to the conference and felt it prudent to have a position. Do you have a sense as to INCY? I continue to have a small stake, but am tempted to throw in the towel, which historically has meant that we may be close to a bottom! These guys are doing $200 million/yr. in R&D, but in mid 2001, I would like to see more "practical" results from their efforts. I just have difficulty eliminating them from a portfolio based on valuation. Any thoughts?
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