Comparing CTIC and YM bio to INCY is just plain silly! INCY spends more on R&D than CTIC value of their entire company! You can throw GERN in there too! INCY is a beast and they have way more than Jakafi going for them like their RA potentially blockbuster drug as well as their IDO early stage drug that has great data so far!
Monrio it looks like you just did! My point #$%$ is they already reduced the number of shares when they merged with TQNT and did the reverse split! To waiste money on not one but two buybacks is absurd when they are behind the competition in revenue! The SWKS purchase is smart and it increasingly diversifies the company! They get bigger while we sit around with our finger in our ace wondering what happened! They have to either stay up with the big boys or they will be ANAD!
This is what QRVO needs to be spending money on instead of stupid buybacks! Increase the size of company instead of reducing size the number of shares! If you do the former the latter will take care of itself! Now that they have wasted money on buybacks they probably cannot afford to do what SWKS did!
Jakafi is of course superior because it is approved! INCY is a far superior company to CTIC so it deserves to be more valuable! CTIC has had nothing but failure in it's history with more than a billion in losses with nothing to show for it! CTIC has had multiple dilutions and multiple reverse splits so of course INCY deserves to be treated better!
it sure has not helped CTIC share price one bit! I think they are trying to grab INCY shares on the cheap from the gullable! Would not be the first time!
Biotech stocks were down on Friday also! What happened is Clinton told her hedge fund buddies what she was going to say last Thursday so they could plan accordingly! Clintons are crooks and I guarantee you she lost no money today!
My INCY shares are at a new all-time high just passed $130! Of course you could have gobbled some up @$92 two weeks ago! There is always a bull market somewhere and more times than not monrio-roosky will not be even in the right sector. Seeing that its the 2nd Friday in September that is to be expected!
Jefferies has a price target of $140! I was going to post this yesterday but it escaped my mind! More good news for us and more bad news for Moe, Larry, and Curly! :)
Then go buy GERN and leave us alone! In other words do what Michael Jackson once said and beat it!
I would rather them go buy a small company than to re-purchase shares! Just not a sirenza type deal! Oh well it's all good!
Trump/dbr now that is a ticket even monrio could get behind!
If anyone thinks I'm in INCY for the one drug they have approved they are missing the point! Their one drug is financing a much bigger pipeline! This is one of the best if not the best biotechs out there! Look at their pipeline! It is full in all stages! It was great to get in early but I still think we are just scratching the surface with the current stock price! Todays price is a gift! IMHO!