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Biotech / Medical : Ligand (LGND) Breakout!
LGND 208.29-0.3%3:59 PM EST

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To: Abuckatatime who wrote (16608)3/6/1998 2:54:00 PM
From: Henry Niman  Read Replies (1) of 32384
 
Speaking of the investment community paying attention, Joe Kernan just did his CNBC Market lab segment which featured the Pharmas.
WLA set an all time high today because of Lipitor and Rezulin sales. ZEN was close to an all time high because of Astra's short merger list. PNU was up because it is on the short merger list in general and SGP was up 1 3/8 because of Astra's list. PFE was also mentioned as was MRK's 4 1/4 point gain because of the new oral asthma drug. GLX and LLY were also mentioned. Looks like merger mania is moving the entire sector north.
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