Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 201.28

-2.1%

3:59 PM EST

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To: Henry Niman who wrote (23327)	7/19/1998 12:14:00 AM
From: Proton	Read Replies (2) of 32384

Re: Be Careful! By then end of next year LGND will have 5 drugs on the market and about double that number in the clinic. 15 X $300 million = $4.5 Billion and there are many more in preclinical testing. Those who think that the payment for the development of these drugs will somehow magically appear are either very naive or just not thinking things through. The same arithmetic can be used to excoriate LGND enthusiasts, Dr. Why sit and hold a stock with such an obviously voracious appetite for cash? At some point, the business model of LGND must shift from "depending on the kindness of strangers" to utilizing cash flow from sales and royalties to develop new drugs. I submit two points: 1. Until the business model can meaningfully shift (a bigger product than ONTAK or KS therapies), this stock will not realize the potential of its science or clinical pipeline. 2. There will be plenty of long-term money to be made once the shift has occurred. One might have to ride the stock from, say, 45 instead of 12, but that is worth the reduced risk. Pý (trying not to be too "parasitical")

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