Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

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To: Machaon who wrote (24562)	8/16/1998 2:30:00 AM
From: Andrew H	Read Replies (1) of 32384

>>Andrew, Henry has been saying for a long time that LGND is way underfunded. The 2nd quarter earnings report really brings that home. They are going to have to come up with some creative financing.<< Creative financing? I hope that does not mean more dilution. My biggest concern about LGND is that there are an awful lot of shares out there. I still have questions about the Seragen acquisition. My feeling is that LGND needs to get its expenditures a bit more under control until it begins to get some product income. Yes, they have a great pipeline, but I think their current programs are more than sufficient to keep them busy. LGND could eventually be a goldmine, but I think there is a ways to go. The first few indications will have small markets. I would like to see some more data for the larger indications, including the diabetes data. I agree the price is pretty cheap here, but I also think another 10M shares would be very damaging. I am watching closely.

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