Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 185.78

-1.4%

2:49 PM EST

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To: Scusami who wrote (13923)	1/30/1998 7:37:00 AM
From: Henry Niman	Read Replies (1) of 32384

Scusami, I don't think that the inhaler news has anything to do with LGND's price. The inhaler news was also in the NY Times report and its not really new. LGND's diabetes compounds are oral. Inhaler news would have more of an effect on companies that rely on injected drugs (like LLY's insulin) and it would put more pressure on LLY to develop oral compounds like Targretin. I suspect that technical factors and margin calls are providing the recent selling pressure.

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