Ligand (LGND) Breakout! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Ligand (LGND) Breakout!

LGND 198.64

-0.8%

3:52 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (24655)	8/17/1998 11:48:00 PM
From: Henry Niman	Read Replies (2) of 32384

Ralf, Thanks for the update and clarifications. A couple of comments are useful. The $50 million in debt is not new. It was GLYC's and came with the acquisition in 1995 and that note is due in 2003. On the issue of cash, LGND's burn rate fluctuates because ALRT is no longer a steady income source. Instead they get milestone payments which have been back loaded this year. Thus, LGND is somewhat healthier than an "average" burn rate would predict. The rate should be much lower for 3Q and 4Q (I think that Bear Stearns shows an almost break even 4Q) and LGND is projected to be profitable in 1999. I also expect LGND to sign 1 or more deals in the near term. These deal(s) will probably cause some dilution, but not to the extent that a secondary would cause (much of the new deals will be no strings up front money, reseach funds, and milestone payments).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next