Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.07

-3.4%

Nov 20 3:59 PM EST

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To: Hippieslayer who wrote (13860)	1/29/1998 11:24:00 AM
From: Henry Niman	Read Replies (2) of 32384

FUGAZI, Jesse Eisinger posted a CORR story this morning at thestreet.com His article did suggest that the CORR decision was a negative for the entire sector. In fact he quoted one of the big boys who was long on CORR as saying that he would not invest in Biotechs again (and he might have also been the one who said that if a 11,000 patient trial wasn't good enough, then nothing was). I take a somewhat different view. If a trial requires 11,000 patients to acheive statistical significance, then the results have to be marginal at best. I'm not sure that investers (institutional as well as retail) have a solid grasp of this aspect.

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