Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.36

+1.4%

3:59 PM EST

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To: Harold S. who wrote (14291)	2/5/1998 4:10:00 PM
From: Henry Niman	Read Replies (2) of 32384

Harold, LGND has good news for long and short term players. Currently the price is very low, so it's relatively easy to make significant moves from these levels. I talked to IR earlier this week. The NDA for Panretin topical for KS is "on track" for this quarter. This will be LGND's first NDA, so it should be significant (although it is widely expected). LGND also expect to release strong clinicals for treatment of major cancer markets (KS which may translate into HIV+, prostate, and ovarian cancer - clinical presentations are planned for April, May, and June). AHP's IND for TSE424 is also slated for this quarter (but an announcement is dependent on AHP, not LGND). Bear Stearns provided new estimates on Dec 31, 1997, and they expected profitability next year. Several additional analysts should be putting out revised numbers soon (consistant with Bear Stearns' positive revisions).

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