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

To: Rocketman who wrote (643)	5/19/1998 11:42:00 AM
From: Michael Feldstein	Read Replies (2) \| Respond to of 3202

Could somebody help me figure out the valuation on this company? I am new to the whole pharma/biotech arena. I have done some research on INCY and really like what I see, but I'm put off by the incredibly high PE. I understand the potential for explosive earnings growth built into the kind of science they are doing, but how much of that is already priced into the stock? A PE in the 70's seems pretty high to me for any stock, but I really don't understand this business very well yet. Thanks in advance for your help.