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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)2/25/1998 11:38:00 AM
From: Peter Singleton  Read Replies (1) of 32384
 
re: the Glycomed technology.

my quick read of the press release gave me the impression that LGND was simply protecting their intellectual property, and this was not an example of their out-licensing technology. They gave CYTL a non-exclusive right to use GLYC technology in already under development CYTL products ... sounds like GLYC was awarded a patent on some fundamental carbohydrate technology, and approached CYTL with that information ... at least that's my initial interpretation.

An out-licensing of the technology would be if and when LGND finds a marketing partner for Galardin which has completed PIII, or for one of the earlier stage compounds. Even if these are viable products, I'd understand that Robinson et al have to allocate their attention to higher payback negotiations, so these may continue to sit independent of their viability.

Peter
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