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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: Andreas Helke who wrote (20495)5/11/1998 7:59:00 PM
From: Torben Noerup Nielsen  Read Replies (2) of 32384
 
Andreas,

>I am still astonished that a treatment of a rare disease like CTCL
>makes a significant difference to the earnings of a medium sized
>biotech company

I believe I saw numbers of about 16,000 new cases per year. Also, I saw numbers of $5,000 - $60,000 per year for current treatment. Assume that those numbers are correct (or correct me if you have better ones) and that LGND with this takes 5,000 new patients per year (combination treatment) and charges $10,000 per patient (not so unreasonable). That would make $50,000,000 in revenue per year unless my arithmetic is flawed.

What you need to keep in mind is that cancer treatment is *expensive* and that even small patient populations can give you pretty big revenues. There is also the potential for much higher revenues if they take a larger share of the patient population.

Cheers, Torben
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