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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: tuck who wrote (17080)3/10/1998 2:06:00 PM
From: Henry Niman  Read Replies (2) of 32384
 
Tuck, While talking to your source, you might recheck on the drug. You originally said a serum drug, which I translated in SERM, which I considered unlikely. However, I now realize that the serum drug may have been a Seragen (SRGN) drug, which is what everyone expects. The drug would be DAB389 IL-2 and is a drug that has to be injected (approval is projected for CTCL), and I suspect that preparation for launch could be expensive and take some time, causing LGND to reevaluate the utility (to be profitable in 1999) of such a compound.
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