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Biotech / Medical : Ligand (LGND) Breakout!
LGND 195.65-1.0%3:59 PM EST

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To: Torben Noerup Nielsen who wrote (24470)8/13/1998 4:56:00 PM
From: growthvalue  Read Replies (1) of 32384
 
"It's kind of strange that LGND put in what appears to be a major effort just to add a *little* value to the company. I still think there has to be more to it."

Adding value is adding value - if you add value, by definition it was
worthwhile.

In addition, it's not a great idea to assume corporations "must know what they're doing." You would have lost a lot of money if you assumed that there must be a good reason for Seragen to spend lots of money on R&D.

Finally, the deal may just have been better than a dilutive equity investment from Lilly.

I think the lack of skepticism is a little unhealthy.
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