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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST

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To: Andrew H who wrote (9788)10/21/1997 1:06:00 AM
From: Henry Niman  Read Replies (3) of 32384
 
Andy, I think that you are looking at the deal from the wrong prospective. LGND is looking for partners to develop the drugs that they discover. They have discovereed far more than they can develop by themselves anytime soon. The broader the deal, the more products under development. ALL of these 1st and 2nd generation products will soon be replaced by 3rd and 4th generation products. These products don't do anyone any good sitting on laboratory shelves (as many have for many years).
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