Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 201.15

-1.3%

Jan 23 9:30 AM EST

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To: Henry Niman who wrote (10084)	10/24/1997 1:58:00 PM
From: Sunny Jim	Read Replies (1) of 32384

Henry, LGND stock's behavior is quite puzzling given the announced deal with LLY. I am hoping that the mystery compound that LGND is going to select from LLY is what the market is holding out for. Out of everything in the deal with LLY, that item is the most puzzling because it is not well quantified. Is it worth millions in which case the dollar amount of the deal isn't fully reflecting it, or is it going to cost LGND millions to take it to market in which case the market may be viewing it as an asset with an attached liability? When that compound is announced or at least addressed more fully by Robinson, the market should react. Hopefully it is a positive reaction and we don't have to wait too long for it. I'm glad that there is a 90 day time limit on it. Long LGND,

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