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Biotech / Medical : Ligand (LGND) Breakout!
LGND 186.87-1.9%10:26 AM EST
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To: Henry Niman who wrote (7440)9/24/1997 6:54:00 PM
From: Andrew H   of 32384
 
Thanks, Henry. Big news. Just printed the 6 page, single spaced release. Hope the Street can figure it out. I guess 2 deals is possible. Of course J and J could really sew up the market by buying out AGN and signing with LGND for targretin.

If the buyout is the beginning of NOV, then the 20 day countdown would begin Oct. 10 or so, no? So you think the market will respond positively tomorrw, eh? Any idea how much cash might be left in ALRI?

Very exciting. When you have had a chance to read carefully, please let us know what you think about the nature of the deal and all the royalties involved. Thanks for your take and

CONGRATULATIONS to all. The ride (let's hope its a unidirectional rocket rather than a rollercoaster) has just begun!!!!!!!!!!!!!!!
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