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Biotech / Medical : ICOS Corporation

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To: SemiBull who wrote (1015)11/21/2003 12:04:50 PM
From: tuck  Read Replies (1) of 1139
 
>>11:21AM ICOS follow-up : Wires reporting that FDA has approved Eli Lilly's (LLY 71.37 -0.16) erectile dysfunction drug Cialis (tadalafil). Partner ICOS is set to receive 50% of the revs which are projected to be up to $1 bln. Approval was expected this month. After popping to as high as $47.08 on the news, ICOS Corp (ICOS 46.50 +1.47) shares have consolidated a portion of their intra-day gains.<<

Courtesy of Briefing.com

The stock seems to be selling off a bit on the news, but there is no PR yet, so we don't know what the label is. Currently at $43.30 as I type.

Cheers, Tuck
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