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Biotech / Medical : Ligand (LGND) Breakout!
LGND 192.97-1.6%Jan 16 9:30 AM EST

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To: Andreas Helke who wrote (13844)1/28/1998 7:23:00 PM
From: Proton  Read Replies (1) of 32384
 
Re: Relative Performance

LGND relative performance update: to BTK, -7.7%; to DRG, -17.7%.

I shan't post these every day, but they're significant enough that we
must see them.

I looked at relative performance from 1/1/97 to date and from 1/1/96
to date (a longer-term look).

Here are the performance figures:

1996-date 1997-date
DRG +97.3% +62.5%
BTK +20.7% +11.9%
LGND +9.9% -20.6%

LGND has been a challenging member of an historically challenging
group. I think your remarks about earnings driving wealth-building
share growth are well taken, Andreas.

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