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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.84+3.8%Nov 24 3:59 PM EST

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To: Andrew H who wrote (10500)10/31/1997 3:07:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
Andy, The drug LGND selects will be manufactured by LLY (at LLY's cost). Gross margins will be about 80% with 10% given back to LLY. The compound is small potatoes for LLY ($50 million a year), but could go a long ways toward making LGND profitable in 1999.
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