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Biotech / Medical : Ligand (LGND) Breakout!
LGND 188.97-0.6%Dec 31 3:59 PM EST

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To: Arthur Radley who wrote (29301)9/23/1999 11:38:00 AM
From: Henry Niman  Read Replies (2) of 32384
 
Not really sure. The price seems a bit bouncy of late. The AHP news came out Tuesday morning, so I don't think that that is it.

The Targretin Advanced Breast Cancer trial is at 29 centers and is open label, so some people know some results. I don't think that strongly positive breast cancer results is built into the price, so any one patient clearly responding could create some buying pressure.

However, it's very hard to trace hour by hour moves to unpublished causes and someone somewhere may have commented on Tuesday's press release.
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