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Biotech / Medical : Biotech & Pharma.T.A,

BIB 86.28

-0.4%

Feb 9 4:00 PM EST

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To: Jibacoa who wrote (534)	3/4/2004 11:59:15 AM
From: Jibacoa	Read Replies (1) of 3722

LGND The stock was able to close yesterday above its Feb.18 H as well as its June 2003 H It had several "good news" including its $0.10 earnings for the 4thQ, which were on the black column for the first time <g> and 211% better than the $0.9 loss in 2002 <g> The earnings improvement apparently was due mainly to its long acting morphine sulfate drug Avinza, which increased its sales to $32M from $2M in 2002. (with the deal with CAH which will help on the manufacturing and almost double its capacity to make the drug, the sales are expected to continue its fast growth.<g>) The earnings for 2004 are expected to be on the black somewhere around $0.12 and above $0.45 for 2005.<g> The 4thQ revenues were also impressive: $57.6M vs.$27.3M in 2002 in spite that the sales of Ontak fell slightly to $7.1M from $7.4M in 2002.(LGND announced this week a deal with Hollister-Stier to manufacture Ontak) Today LGND has continued its forward move, albeit at a much moderate volume,but with no apparent intention of closing yesterday's up-gap.<g> bigcharts.marketwatch.com It seems the stock should be able to test its March 2002 H at 20.50 But it may wait for a whole to test its March 2000 H at 26.50 (Apparently March is a lucky month for LGND <g>) bigcharts.marketwatch.com Bernard

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