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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: margie who wrote (2127)10/8/1997 5:52:00 AM
From: Henry Niman   of 6136
 
<<I used to own Ligand. Henry Ninman has always stated he knows nothing about
business or investing, and does not give investment advice. His claim to fame is his
expertise as a scientist, not as an investor. Ligand investors have been waiting quite
awhile for this diabetes deal which is coming "any day" now.>>

margie, LGND investors are still waiting for the diabetes deal, but CEO Robinson was conspicuously abstent for the LGND UBS presentation yesterday and was working on "increasing shareholder value". Investors must have liked what they heard. LGND set a 52-week high ($18) and a 52-week closing high (17 1/4) on volume of almost 3/4 million shares yesterday. Maybe they expect the deal "any day" now, or just rose in sympathy with their San Diego Biotech neighbor, AGPH.
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