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Biotech / Medical : Ligand (LGND) Breakout!
LGND 184.82-2.0%Dec 5 9:30 AM EST

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To: Henry Niman who wrote (4092)7/16/1997 12:41:00 AM
From: Andrew H   of 32384
 
>>Many of the employees at Parke Davis are well aware of LGND's repeated visits and I'm sure that there is much more activity at additional Pharmas. The diabetes deal will be quite large and its ceretainly not reflected in today's price. As some of the big boys catch on, you will see more high volume days like today. I'm still comfortable with my prediction of $30 for this year, and that comfort level is firmly tied to the diabetes deal(s).<<

I hope its true, Henry. But the progress of the leptin deal does not give me a lot of confidence in the diabetes deal. What is to prevent a 6 month delay in that case? Assuming the results are good. It could happen the way you predict, but I see a good bit of possible uncertainty. I'm betting on LGND, but 30 seems like a dream to me now.

Still, I am always encouraged when you say these things. I just hope you know somethings I don't (:>)
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