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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.74+2.7%3:59 PM EST

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To: Henry Niman who wrote (14085)2/2/1998 10:41:00 PM
From: Sunny Jim  Read Replies (4) of 32384
 
<today's merger mania was being fueled for a large R&D requirement, but they compared big pharma valuations to Biotechs. MRK's market cap is $140 Billion and they spend $1.5 Billion on R&D. In contrast, all Biotechs combined had a market cap of $85 Billion with $5 Billion spent on R&D.>

This is an interesting way to look at it. However, one major problem is boitechs have zip sales and marketing infrastructure, which is largely what turns the R&D into revenue. If biotechs are a great bargain, why aren't the big pharmas buying them? Comments?
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