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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: Henry Niman who wrote (29618)12/14/1999 8:19:00 AM
From: Arthur Radley  Read Replies (2) of 32384
 
Let's hope that CBS's comments this morning will "NOW" set the trend for today. These are premarket comments:Ligand Pharmaceuticals (LGND: news, msgs) shot up 2 5/16, or 20 percent, to 14, said Hogan. The company announced after the bell Monday that the Oncologic Drugs Advisory committee of the U.S. FDA recommended market approval for Targretin capsules in the advanced-stage cutaneous T-cell lymphoma, a disease in which certain cells of the lymph system become cancerous. However, Targretin capsules were not approved for early stage CTCL patient population. The San Diego, Calif.-based drug developer has worldwide rights to Targretin and, if approved, is expected to market and sell the product in the United States, Canada and Europe.
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