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Incyte used some of its cash to buy into a promising HIV candidate. Here are the results from a phase I trial for the drug:

http://www.pharmasset.com/go/67e4e309-7a73-1157-b59d-d5b376410482?itemId=1dcb8d4f-9c1e-1147-b71b-ea448ffa1891

Incyte has obtained rights in the major markets (U.S., Europe and Japan), leaving Pharmasset with the rest of the world. The drug, like most HIV drugs, appears to be on the fast track.

Nice 25% jump on the news today.


Taylor
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