Doesn't look like billionaire Carl Icahn is worried about the recently reported pancreatitis cases from Amylin Pharmaceuticals'
Icahn obviously sees value in the company at these fire-sale prices and realizes that when investors panic is often the best time to invest.
We haven't heard much from Icahn about what his plans are for Amylin since he took a stake in the company back in May. Then again, the Investor of the Year nominee has been a little busy between failing to get Yahoo!
When he does finally get around to dealing with Amylin, I think it's more likely that Icahn will try and shake up management rather than trying to get Amylin sold. With Amylin's major drug Byetta and its once-weekly successor already partnered up with Eli Lilly
Investors seem to be following Icahn's lead today and have sent the stock up more than 5% on a day when almost everything else is tanking. Call me the eternal optimist, but now may be the perfect time to be greedy.