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Tuesday, December 13, 2011 12:00:06 PM
This statement suggest that YMI is undervalued by 10x.....
1.66 x 10 = $16.60?
maybe?
Based on the positive anemia response data released Monday, the current valuation gap between Incyte ($1.8 billion market cap) and YM Bio ($170 million market cap) is way too big even considering '387 is two or three years behind in clinical development. "It's a drug," said Crespi Monness Hardt analyst (and YM Bio supporter) Avik Roy, referring to '387.
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