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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.62+0.1%Dec 24 12:59 PM EST
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To: Arthur Radley who wrote (13653)1/23/1998 9:58:00 AM
From: Henry Niman  Read Replies (1) of 32384
 
TD, The NDA was slated for 4Q, so there would have been no sales until 1999. However, I suspect that LGND was slated to get a milestone payment for the NDA filing, but it may not have been big, since the alliance was created to develop an osteoporosis drug (and two of LGND's selections for PFE are in the clinic for that indication).
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