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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.62+0.1%12:59 PM EST

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To: Proton who wrote (13635)1/23/1998 1:22:00 AM
From: Andrew H  Read Replies (3) of 32384
 
>>What you and Henry have said makes sense. I wonder if LGND shareholders will avoid a knee-jerk reaction.<<

Its an interesting question, Peter. I remember when they came out with some P2 results on Panretin and mentioned it looked good for a couple of indications and not so good for others--there was a brief and mild sell off after which it soon rebounded. Panretin is of course far more relevant to LGND's future than droloxifene (although if it were to become a billion dollar osteo drug, it could be significant at 3%). LGND has so many drugs in so many trials for so many indications that I find it hard to worry about something like this, especially when LGND has said the drug looks better for osteo. They will be getting their milestones in any case. I guess LGND could put out a release, but this seems so small in regard to their overall program, I suspect they will not comment.
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