Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+2.8%

Nov 18 3:59 PM EST

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To: Henry Niman who wrote (11149)	11/15/1997 12:27:00 PM
From: JOHN W.	Read Replies (2) of 32384

< Others have criticized their burn rate, but their $200 million deal with LLY should taken them through profitability in 1999. Others have also complained about share dilution, but I view that as a necessary evil required to take LGND into the fully integrated pharmaceutical category. > Thes necessary evils are just that, necessary for the small investor long term to get burned and possibly lose all their capital, due to a company like LGND that has one of the highest burn rates in the sector, little cash, a questionable "deal" with big pharma that did not impress the street, and a vault full of shares to continue to offer that will slowly suck out in worth of the long term investors as you have already bailed because you know their chance of ever making high sustained revenues,0.

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