Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.01

-0.4%

Nov 19 3:59 PM EST

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To: Henry Niman who wrote (22494)	6/18/1998 9:38:00 PM
From: Machaon	Read Replies (1) of 32384

There's about 316 new drugs being developed to fight cancer. That is a LOT of competition for LGND. Perhaps this is why the market isn't willing to give LGND a higher value than about $500 million. You've quoted an analyst that predicts about $14 per share in 2006. But, with over 300 new cancer drugs, being developed, some of which will become big winners, doesn't that diminish LGND's future earnings capabilities? Regards, Bob

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