Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.01

-2.9%

3:59 PM EST

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To: Andrew H who wrote (11576)	11/24/1997 8:32:00 AM
From: Henry Niman	Read Replies (1) of 32384

Andy, I agree with you that $20 is just around the corner. LGND has had good support around 13 3/4 and it sounds like the good news is about to come out. The NBC story on treating head and neck tumors with retinoids (ALRT1550?) is rather powerfull and probably represents the tip of the iceburg on such stories. A new SEC filing on ALRT is also a signal that the buyback is about to be finalized, paving the way for closure of the LLY deal and selction of the new compound. SA also incicated that the Panretin topical data would be out this year and I expect that to be a strong positive, paving the way for an NDA in 1Q 1998. There is quite a bit of news slated to come out, although more is now set for 1Q 1998 than 4Q 1997. LGND's current price is less than ideal, but considerably better than others. AMLN set a 52-week low last week, at 6 1/2. LGND and AMLN prices were very close before AMLN released Phase III data on Pramlintide. In contrast, I expect Panretin phase III data to be very favorable.

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