Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 186.87

-1.9%

10:26 AM EST

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To: Andrew H who wrote (7436)	9/24/1997 6:41:00 PM
From: Henry Niman	of 32384

Andy, My quick take is that TWO diabetes deal will be signed, one with LGND and one with AGN. This may translate into LLY going with LGND and JNJ going with AGN. I think that the buyout is the beginning of Nov which gives LGND all of October to build its share price. Leg one wil be tomorrow. Leg two when the diabetes deal is announced. The sooner the better for the announcement, so it could be next week. LGND gets $9 million from AGN and I think that there may be some cash left from ALRI at the beginning of Nov. I think that this cash may offset the $25 million in cash. $45 million will come from LGND stock. All of the above are quick reads and subject to revision.

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