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Biotech / Medical : Ligand (LGND) Breakout!
LGND 188.19+1.8%12:22 PM EST

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To: Arthur Radley who wrote (9636)10/20/1997 1:20:00 PM
From: Henry Niman   of 32384
 
TD, The $174 million is LGND's largest deal ($49 million with AHP used to be the biggest), and 2 million share equity position is about the same as LGND's other partners (although the other partner's cost was obviously much less). Most of LGND's deals are in the $25 to $49 million range.
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