Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 201.29

+0.2%

Nov 17 3:59 PM EST

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To: bob zagorin who wrote (23260)	7/16/1998 1:40:00 AM
From: Robert L. Ray	Read Replies (5) of 32384

Well I'd say "significant" might be too strong a word. It's really hard to say what Allergan's cost basis was on their shares so I don't know if a 5.5m gain would represent a significant amount of selling or not. I guess maybe I'm in a linear thinking rut here tonight. Allergan has been selling for a quarter and will be selling for "several" more quarters. Several to me has always meant 3. So there's a chance they've only sold a quarter of their holdings so far. That's of course just a guess based on my interpertation of the press release. If they had aready sold 50% or so (for example) it doesn't look like it would take them several more quarters to finish selling. Heck maybe they're so thrilled with the potential of the retinoid compounds they got in the partnership breakup that they need the money to do some rapid development work on them.

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