Sorry, I'm just quoting the opinion of Vector 1
my partner in the VDXXX Biotech Model on SI. It is
also late, I need some sleep and I'm not going to dig
on ABSC for you tonight. We have had ABSC in our
stock model on SI for quite some time now and we like
its high throughput screening system and potential.
It is a long term viewpoint and I quite frankly
don't keep close tabs on the company. Vector 1 while
having less formal training in the field than I keeps
much closer tabs on the company and has much better
information resources available than I do. Suffice it to say
that if you think about a good company mix with INCY
that adding high throughput screening technology, and
a great company such as PCOP to a genomics core
such as INCY that you could build a stronger beast. It
might also help in such a deal that Roy Whitfield,
INCY's CEO is on ABSC's board. There has been more
written on ABSC on SI. Happy digging.
Why did INCY drop so much after HGSI's
announcement this afternoon? Was it just people trading one
stock for the other or is there a fundamental reason
why HGSI's discovery should be a setback for Incyte?
Each deal is for $3-10M per year times 3 years,
means $9-30M per deal times 22 deals and you get your
big $350M number.
I liked the meeting
presentation. It wasn't just a rehash of the numbers that they
put out in their 10K & 10Q filings. Although someone
was clearly disappointed that Roy didn't put up the
historical financials and yak about them. I'd much rather
here about the vision for the future. INCY has gotten
pretty bad about giving revenue and profit guidance
While I enjoyed seeing the data center
(now that it is stocked up with machines), the first
part of the tour was too much like an intro biology
lesson while people questioned Todd with Bio 101
I took copious notes and will post them on Silicon
Investor when I get a chance to type them up. Too busy of
late to do it.
Was today's news "good"?
I don't mean this
in a negative way, I just have a really hard time
understanding the purpose and potential benefit related to this
I am not long, although I have been and profited. I
'feel' like this is a good business, but I always feel
like I'm not getting something related to what it is
and why it does/should work.