<The concern whether INCY's patents on human genetic sequences >
Wow, what can I say... thanks so much for the gusher of information!
I am long INCY as well and am approaching the problem in 2 ways...
1.) Find out as much as possible about the patent issue.
2.) Trying to value INCY WITHOUT these patent's holding up... appears INCY has substantial value anyway.
That said:
< but here are a few preliminary observations (to provoke comment?)>
O.K. Here you go!!
1.)<Instead, INCY has a contract right to those royalties, not a right based on patent.>
Yes, but of course institutions valuing INCY will look at it as an ongoing concern...
2.)<Similarly, INCY's current main business of selling, on multi-year multi-million dollar contracts (1) access to the proprietary databases INCY has amassed and continues to expand, (2) the right to use INCY's software to manipulate both INCY's and other (public) databases, doesn't particularly depend on its patents.>
Yes, I think it is the value of (1) vs (2)in your comment above that I talk about in valuing INCY without patent rights? How badly is INCY damaged if (1), their proprietry databases, are really public domain.
Now, I'm throwing this out WITHOUT following up on the patent information you provided, the main reason for the post is to thank you for all the work! I'm not putting forward an arguement here, just organizing thoughts related to your post and how it relates to INCY's business. I think another point is very interesting:
INCY clearly wouldn't be "racing" to beat competitors to patent this stuff if it didn't there was value!!! Actions speak loudly, we certainly know THEIR opinion on the issue.
DAK
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