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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: Abuckatatime who wrote (10108)10/24/1997 9:53:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
Greg, A few years ago LGND signed a 10 year Canadian rights deal with QLTIF to sell PHOTOFRIN for ANY indication. At the time it was approved for superficial bladder cancer. A year or so ago it was approved for esophgeal cancer. I believe it is alreadsy approved for lung cancer in Europe (France?) and its pending for that indication inthe US and Canada.

LGND really did the deal to set the stage for Canadian clinical trials as well as a rapid launch of retinoids. It is my understaning that they have already begun sceening Cnadians for a type II diabetes trial with oral Targretin.
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