Well, looks like the big runup to ash has turned into a rundown.Baker Bro. bailed, we are starting a new trial for 387 that could take God knows how long.Baker must have bailed thinking this is dead money for another four or five years,massive mistakes by company mngt.I still say our only hope is an outright sale to someone with big bucks who can get things crankin .
Baker in my mind has a different motivation. They shouldn't be on the BOD and INCY and then quickly accumulating and slowly dumping shares in YM. It sure kept the price down. Don't trust an investor with conflicts like theirs.
i do think it's a conflict or at least an issue. first, as a member of BOD of INCY, they have a fiduciary duty to INCY and holding a sig stake in a competitor could color your judgment on behalf of INCY (they would argue the position in YMI is too small - but it aint that small). second, being on the INCY BOD makes them privy to insider info re trials involving Jakafi and that, in turn, could influence how they trade YMI. You don't want to be trading on confidential info - intentionally or not.
No...he means the Baker Bros. sold all of their shares...and it's very unlikely that he knows anything that isn't public record. The public record shows them with roughly 2+% of the company or about half of what they had at 6/30/2012.
not too familiar with the process, eh? first, the preclinical trial is just one of many trials for cyt387 - these will go on for a long time and most will overlap in time. second, a sale is very unlikely at this point - a partnership, copromote or license is much more likely.