Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 203.50

-1.6%

Nov 25 3:59 PM EST

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To: WTDEC who wrote (29004)	6/29/1999 11:13:00 PM
From: Henry Niman	Read Replies (2) of 32384

Walter, I just heard the tape of Blair's remarks. He was commenting on identification of new targets and mentioned that they would be funding Ron Evan's group for basic research in the orphan nuclear receptor area, with the expectation that LGND would then develop the most promising candidates. This of course would translate into an off balance sheet, somewhat akin to the joint venture between LGND and AGN, which was an off balance sheet R&D program. $25 Million will be given to Ron Evans followed by LGND taking on the nuclear hormone receptors of most interest, which of course is the IR technology, and not the STAT technology, which I had speculated about before I heard the tape.

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