Incyte (INCY) Message Board

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Biotech / Medical : Incyte (INCY)

INCY 104.18

+0.1%

Nov 17 3:59 PM EST

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To: Zirdu who wrote (964)	4/12/1999 5:00:00 PM
From: Steven Rachbach	Read Replies (1) of 3202

I have been trying in vain to ascertain why the likes of INCY, AFFX and HGSI would be up sharply today all on 5 to 6 times the normal trading volume. It would seem at first glance that today's news story about the major pharm cos. banding together to map genes to "try to find new drugs without paying millions of dollars to small biotechnology companies" would have a negative impact on our the "small biotechnology companies'" stock price. Any thoughts? Perhaps the realization that the majors are doing this indicates the value of our company?

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