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Biotech / Medical : Ligand (LGND) Breakout!
LGND 198.13-0.3%Feb 4 3:59 PM EST

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To: celeryroot.com who wrote (7851)9/27/1997 10:10:00 PM
From: Andrew H   of 32384
 
Here is the section of the release which gives the 30K figure. Unfortunately, it gives no indication whether it is US or total. However, since it mentions FDA approval, one might speculate that the figure refers to the American market.

>>According to terms of the deal, Ligand receives exclusive rights to oral and topical
Panretin, the compound that is closest to commercialization. Ligand plans to apply for
Food and Drug Administration approval of topical Panretin for Kaposi's sarcoma by
early next year.

A spokeswoman said that Ligand expects that about 30,000 AIDS patients would
qualify for the Panretin topical treatment, if it is approved. Ligand also has Panretin oral
capsules in Phase III trials for leukemia. Ligand also gets rights to two more of the
venture's most advanced compounds--ALRT 268 and ALRT 324, being developed
for non-insulin dependent diabetics. <<
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