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Biotech / Medical : Ligand (LGND) Breakout!
LGND 189.93+0.5%Jan 2 9:30 AM EST
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To: Alan Smithee who wrote (16551)3/5/1998 2:48:00 PM
From: Henry Niman  Read Replies (2) of 32384
 
Timiimg and short term predictions are really out of my area. Michael Murphy indicated that LGND would hit the high teens or low 20's in anticipation of the NDA filing, which is slated for this month. Other events for this month include an IND by AHP for TSE424 and a decision on the LLY option (although a decision could be delayed). LGND presents at an AIDS conference in the beginning of April and they present at Raymond James. Its hard to say exactly when LGND's price will really take off, but its progress over the past month has been very consistent.
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