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Biotech / Medical : Ligand (LGND) Breakout!
LGND 191.75+1.0%Jan 5 3:59 PM EST

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To: bluejeans who wrote (18795)4/7/1998 2:54:00 PM
From: Henry Niman   of 32384
 
Although the press release didn't have much news, it was covered by Dow Jones as well as PRNewswire:

Dow Jones Newswires -- April 7, 1998
Ligand: Panretin Capsules Effective Against Kaposi's
Sarcoma

SAN DIEGO (Dow Jones)--Ligand Pharmaceuticals Inc.'s (LGND)
Panretin capsules demonstrated "substantial" antitumor activity in patients
with AIDS-related Kaposi's sarcoma, according to data from Phase II
clinical trials.

In a press release Tuesday, Ligand said if Phase III data support the
results, it may file a new drug application in 1999.

In the Phase II multicenter, open-label clinical trial, Panretin capsules were
given to 57 male HIV-positive patients with Kaposi's sarcoma.

The company said 26 of the patients, in the intent-to-treat dataset, received
the study drug and had at least one set of lesion assessments at the interim
phase of the trial.

The company said the overall response rate at the interim analysis was 46%
for the intent-to-treat dataset, and 63% for the protocol-defined evaluable
patient dataset.

The Panretin capsules study was separate from Ligand's Phase III pivotal
trial for Panretin gel, another treatment for AIDS-related Kaposi's
sarcoma.
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