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Biotech / Medical : T/FIF Portfolio

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To: scaram(o)uche who wrote (657)	3/4/1999 11:22:00 AM
From: RCMac	Read Replies (1) of 1073

>>anyone who has worked at a pharma will read [today's WSJ] article and chuckle. Pharma will be ready to compete, through a collaborative non-profit, when hell freezes over.<< Yup, isn't it nice. The article is grimly amusing. The reporters pretty clearly spoke in detail only to the big pharma companies and the alumni of the same companies who are trying to put together this SNP-mapping joint venture, and the article takes its slant from big pharma. But leaking through this journalistic filter is the fact that these companies have been talking for a year and aren't yet anywhere near signing an agreement, let alone "contract[ing] out the actual work" to academic and commercial labs, apparently through the typically slow grant-making process -- all this while Genset, INCY and MLNM are beavering away. But like DAK, I keep hoping this front-page WSJ article will give us another buying opportunity in INCY, something like the 30%-off sale we had for about 45 minutes on groundhog day, when I managed to scoop up a few shares (but not yet a full position). --RCM

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