Biotech Values

[microcapfun]

YMI

>>But this time there is another more real concern, namely the hyping of 2 drugs that they picked up for a combined $15M by buying Cytopia. Both drugs were already in the clinic, yet Cytopia sold for pocket change.<<

I know I am going to get crucified for what sounds a whole lot like newbie biotech mistake #4, but are you guys aware that the Baker Brothers bought over 9 million shares of YMI in the open market?
http://www.j3sg.com/Reports/Stock-Insider/Generate-Institution-Portfolio.php?institutionid=4698&DV=yes
The Baker Brothers are long-time supporters and backers of Inycte, having financially bailed out the company more than once. They presently own ~15% of Incyte and have had board representation for many years - so they would have access to Incyte's competitive analysis of CYT387.

I know Incyte is very thorough in carrying out such competitive analysis.

I found it quite surprising and unusual that the Bakers would buy such a large stake in a competitor and it suggests that they - and Incyte - take YMI's anemia improvement claims seriously.

Should we???

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