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Biotech / Medical : Ligand (LGND) Breakout!
LGND 197.580.0%12:10 PM EST

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To: growthvalue who wrote (24450)8/13/1998 1:59:00 PM
From: Machaon  Read Replies (1) of 32384
 
<< I've never heard of a unanimous advisory panel being overturned. >>

That's good news.

<< I haven't done a present value calculation for ONTAK, but I will say that I think the market had already priced an ONTAK approval into SRGN's stock >>

I haven't either. Robinson said that it would significantly help Ligands earnings.

We're in a bearish biotech market. I have no idea when we'll see another biotech bull market, or what will make things turn around. Until that time, I suspect LGND will be in the dumps.

Regards, Bob
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