Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 192.28

+1.2%

3:59 PM EST

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To: John O'Neill who wrote (20547)	5/12/1998 7:11:00 AM
From: Henry Niman	of 32384

JO, I think that the response will be positive, but the significance may not be appreciated for a few weeks. The situation is somewhat like the GLYC acquisition in the spring of 1995. LGND was trading in the $6-$7 range and within a few months they were into double digits (and they set their all time high of 19 3/4 within a year). The move picked up some new shareholders and put LGND on the radar screen. MTSL and CTSL put LGND in their portfolios and Bear Stearns initiated coverage. I think that LGND will get more coverage very soon and an NDA filing (for topical Panretin) coupled with FDA approval (for ONTAK), will generate enthusiasm from more conservative analysts and shareholders who have been watching from the sidelines.

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