Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.02

-1.4%

Jan 26 3:59 PM EST

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To: james who wrote (10130)	10/25/1997 10:03:00 PM
From: lavalamp	Read Replies (1) of 32384

James, I am a little confused with your position. We are excited about LGND because they do not have to pay for the additional work necessary for the diabletes trials. Instead, they took a discovery in an area that is not LGND's stated niche and received several items of value. Exactly what the entire value of these items is still an open question. But, it seems clear that LGND will not be out of pocket for any additional diabetes work. Thus, LGND is moving faster to profitability . Your question about how LGND will pay for their burn rate seems answered already. 1988 seems to have been funded by the equity purchase by LLY. 1999 LGND is expected to be profitable by the CEO. I would assume Robinson does not expect 1999 to be the only year of profitablity. I had always been under the impression that mice were used for all tests (not just diabetes) because there was a more than casual relationship in the results of mice and humans. But to give the devil his due...you may see me at 11,did you also see me at 9 3/8 this year, cause I was there ?

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