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Biotech / Medical : Incyte (INCY) -- Ignore unavailable to you. Want to Upgrade?


To: Lighthouse who wrote (1401)3/29/2000 8:47:00 PM
From: Lighthouse  Read Replies (1) | Respond to of 3202
 
So the Two Headed God belches in our face: Pulled from CBS Marketwatch

Janus to sell Incyte stake

Janus Capital Corp. is planning to sell its stake in falling star Incyte Pharmaceuticals Inc., according to an SEC filing. The S-3 form indicated that Denver-based Janus seeks to sell 2 million shares held by seven of its mutual funds. Those shares, which represent a 6.3 percent stake in Incyte, are currently valued at $165 million. Incyte's stock closed down 20 13/16 at 82 1/2 ahead of the release of the filing.

Palo Alto, Calif.-based Incyte (INCY: news, msgs), which creates information-based databases for pharmaceutical and biotechnology companies in drug discovery and development, has seen its stock price tumble by $198 over the past month. The company plans to change its name to Incyte Genomics later this year.