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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.62+0.1%Dec 24 12:59 PM EST

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To: Henry Niman who wrote (3738)6/24/1997 4:47:00 PM
From: Andrew H   of 32384
 
Henry you are a great straight man, as your answer in the referenced post demonstrates.

So I take it that you remain unconcerned regarding the BMY KS treatment and do not feel this really affects panretin in any way? If so, I am happy to hear that.

How do you account for the drop in LGND today? Do you agree with Celery's analysis that it is MM's trying to shake out the weak hands before good news is released? Not in response to the BMY news? Quite a drop. The proverbial buying op, I suppose?

Yes, the diabetes news should be good for LGND, assuming the P2's are as good as you expect. Do you think we might get some idea of results before the partnership is announced?
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