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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: Webhead who wrote (15857)2/25/1998 12:58:00 PM
From: Peter Silsbee  Read Replies (1) of 32384
 
Re: "ho hum" reaction to licensing deal.

The question is not, how many pipette tips can you buy for $900K, but how many pipette tips can you buy for $900K worth of "restricted" Cytel stock. There is no guarantee of any cash in this deal. All payments "may also be made, at Cytel's option, in its common stock." (from release). There could be royalties, eventually.

Anyone know about CYTL? LGND could own a significant chunk at some time in the future. If this is not a highly regarded company (market cap 46.8M per Yahoo, with nearly as many oustanding shares as LGND), then "ho hum" may in fact be appropriate.

PLS
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