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

To: Rocketman who wrote (685)	7/29/1998 8:32:00 PM
From: Bluegreen	Respond to of 3202

Rman, as always an interesting post and thanks for the info. My current interest in Biotechs are INCY, BTRN, CORR and of course XOMA. Do you think we will see a buying spree by big Pharmas in the near future since prices of some Biotechs versus possible potential are so cheap? Think of the goldmine a big Pharma would have in INCY and as you know price is cheap right now and possible future streams just keep rolling in without notice. I guess what I am really asking is why are there not more deals currently like buyout of SMTG by Baxter?

To: Rocketman who wrote (685)	7/30/1998 1:26:00 AM
From: rkrw	Read Replies (1) \| Respond to of 3202

Rocket, I trust that I didn't _incyte_ the powers that be into sending me into the land of the banished. After seeing Mr Bluegreens posts on a number of threads about XOMA, including your own famous VD thread, I do not believe that his questions were designed to learn anything, hence my sarcastic response. Bluegreen has already made up his mind that this is a multi-billion dollar drug. This specific deal on a micro level doesn't mean much. The much larger implications are whether there are literally tons of similar deals to be done in the coming years for INCY. Hand off a patent for small royalties and small warrant positions. The value of this could be astronomical looking forward 10+ years. If this is indeed the case, INCY is in the famous cat bird seat.