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Biotech / Medical : Ligand (LGND) Breakout!
LGND 206.36+1.4%Nov 26 3:59 PM EST

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To: Torben Noerup Nielsen who wrote (15816)2/24/1998 10:11:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
Torben, When I saw GLYC and CYTL in the heading, I thought that LGND was licensing out the GLYC technology. However, I now think that the announcement had more to do with patent enforcement than technology licensing.
I think that GLYC had some rather broad patents and CYTL was infringing. To settle, they worked out a milestone/royalty agreement that involved use of the GLYC patents.

The agreement is non-exclusive. Thus LGND can go after other infringers and/or they can still licence out the technology to third parties.
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