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Biotech / Medical : Ligand (LGND) Breakout!
LGND 195.01-1.0%3:59 PM EST

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To: Henry Niman who wrote (11627)11/24/1997 11:38:00 AM
From: JOEBT1  Read Replies (1) of 32384
 
LGND has stated that their objective is to be profitable in '99. The estimated numbers (my guesses) for '99 are as follows: Revenue from collaborative R&D could reach 50m (40m for '97); Costs and expenses may rise to 100m (80m for '97); Net loss before new drug revenues and MFG. expenses would be 50m(43 for '97). New drug revenues for profitability would have to be 75 to 100m (MFG costs would come out of drug revenues).
My view of approved drugs in '97 would include Panretin gel and oral for KS; Targretin gel and oral for CTCL; Droloxifene; and possibly the selected LLY drug.
All the above is an "amateur" analysis and shouldn't be relied on for investments decisions. I would be interested in your views, Henry (and others) on the above, particularly the approved LGND drugs on the market in '99.
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