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Biotech / Medical : Ligand (LGND) Breakout!
LGND 203.50-1.6%Nov 25 3:59 PM EST
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To: Night Trader who wrote (9902)10/21/1997 3:43:00 PM
From: Andrew H  Read Replies (1) of 32384
 
Thanks for the link, Martin. Some new info here. They say the mystery drug will likely be submitted for approval next year. So Henry's timetable and suggestion that it will bring LGND profitability in 1999 seem quite plausible, depending on the FDA. If the area is cancer, it could well be fast tracked. Also at the time of exercising the option, LGND will have to pay LLY 10M worth of LGND stock at market price.

Must say the new target of 24 did not impress me, however, it is about 50% above the current price.
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