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Incyte Corporation Message Board

  • viseslinger viseslinger Jul 28, 2013 2:02 PM Flag

    Joseph Capano doesn't want to renew INCY's lease, brother Louis does. Who will win? Does this effect INCY? Will they need to relocate?

    Enquiring minds want to know? Maddi as their janitor you should have given us heads up on this since your wife is Dr Paul secretary, feeding you all the insider info.

    Sentiment: Strong Buy

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    • melissajbower Jul 31, 2013 10:38 AM Flag

      Actually, Incyte currently leases from DuPont at their Wilmington Experimental Station. They are in need of more space because they need to add employees over the next few years as part of an expansion plan they used to "win" Delaware State money. Consequently, they are trying to lease a nearby "off campus" building at the site of a defunct Wanamaker's store, which is owned by the Capano development company. The site needs extensive renovations and the development company will be allocating the majority of the money for them upfront. One brother sees this as a good investment, while the other brother views this as a risky outlay. It isn't insider information, it was in the paper.

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