Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.96

-2.1%

12:03 PM EST

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To: bob zagorin who wrote (23873)	8/4/1998 3:20:00 PM
From: Henry Niman	Read Replies (1) of 32384

bob, I checked with LGND IR today, and it doesn't sound like LGND was directly affected by changes a T. Rowe Price. The family of funds has owned quite a bit of LGND for some time now and there has been little change in their position over the past several months. As I posted previously, at the end of last year's 3Q they held over 400,000 shares of LGND. As of a few weeks ago, their holdings were even higher. The WSJ article confirmed what I had heard elsewhere. The big boys are pulling out of the smaller Biotechs. Companies like LGND, with products in late stages of development should eventually benefit, although at this time the Biotech glass clearly has a "half empty" look.

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