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Biotech / Medical : ICOS Corporation

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From: Robohogs9/1/2006 9:32:50 AM
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Anybody notice that net operating income at ICOS is on the order of -125 to -150 million with only their share of Cialis work costing heavy R&D. Bit ridiculous IMHO. Should sell out to LLY.

The problem is that net income will be like $85 MM in 2008 or so, which implies their share of JV is $200ish MM. More value destroyed by management than kept for shareholders. Thoughts?

Jon

PS We have all known the above for awhile, just finally decided to vent.
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