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Biotech / Medical : Ligand (LGND) Breakout!
LGND 200.79-0.2%Nov 14 9:30 AM EST

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To: Henry Niman who wrote (15042)2/13/1998 10:54:00 PM
From: Vector1  Read Replies (5) of 32384
 
Robby Stephens issued a very strong positive report on Ligand. They were cautiously positive about the Breast Cancer preclinicals and effusive about the company's dominance in signal transcuction and about the strength of the company's management. I have copied a small portion of the report which lays out the likely newsworthy events for LGND for the year. The sheer length of the list is impressive. If LGND can hit the vast majority of these targets we will see the price break 20.
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UPCOMING EVENTS: Upcoming events for Ligand include: (1) FDA filing of topical Panretin for KS expected in Q1:98; (2) initiate Phase II clinical trials of Targretin to treat breast cancer in 2H:98; (3) file NDA for Targretin in CTCL in 1998; (4) file NDA for oral Panretin to treat KS in 1999; (5) select oncology product from Eli Lilly as part of metabolic disease collaboration; (6) interim results from Phase II clinical trials of oral Targretin to treat ovarian and prostate expected in early 1998; (7) results from Phase II/II clinical trial of oral Targretin to treat CTCL in 1H:98; (8) results from Phase II studies of oral Targretin for renal cell carcinoma, ovarian cancer, and prostate cancer expected in early 1998; (9) results of Phase III clinical trial of oral Panretin to treat APL expected in 1H:99; (10) Ligand/AHP expected to file an IND in the estrogen/progesterone area in 1998; (11) Ligand/Pfizer expected to file droloxifene to treat breast cancer in 1998; (12) Ligand/Glaxo expected to select a novel cholesterol clinical candidate in 1H:98; (13) Ligand/SmithKline expected to select a hemotopoietic factor clinical candidate in 1998.
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