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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: WTDEC who wrote (22863)6/30/1998 11:17:00 PM
From: Machaon  Read Replies (1) of 32384
 
Hi Walt. Good question on the ONTAK.

Man...... Another great rally by LGND.

I think that Lehman had it right. LGND's price is going to be strictly "event" driven. So, an ONTAK approval would be a step in the right direction.

With 300+ cancer drugs in development, Wall Street wants something substantial, before they will commit any more funds to LGND.

Good luck, Bob
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