Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 195.83

-0.7%

Dec 26 9:30 AM EST

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To: Henry Niman who wrote (24433)	8/12/1998 10:57:00 PM
From: Machaon	Read Replies (3) of 32384

Hmmmm!? That means that "we" as shareholders just bought around $220 million in drug development and science, and a revenue producing drug, for about $75 million, providing that ONTAK gets approved. That's a $145 million discount, otherwise known as a fire sale. There's another 4 or 5? fusion protein compounds in the pipeline. Doesn't sound like too bad a deal to me, unless the science of fusing a poisonous substance and a protein doesn't work. But, SRGN at least got it as far as the FDA, so there must be some merit to it. Good luck, Bob

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