Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 184.82

-1.9%

3:59 PM EST

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To: aknahow who wrote (25857)	9/29/1998 7:22:00 PM
From: Henry Niman	Read Replies (2) of 32384

Bear Stearns reiterated a BUY this afternoon and offered some hints on a BUYOUT. Here's the summary of the reiterated BUY: LGND: Ligand Enters into Significant Strategic Alliance with Elan Bear Stearns & Co. Inc. D Molowa,E Lovell September 29, 1998 David T. Molowa, Ph.D. (212) 272-2722 9/29/98 Ethan T. Lovell (212) 272-9098 Alan P. Meyers (212) 272-6637 Subject: Company Update Industry: Biotechnology BEAR, STEARNS & CO. INC. Ligand Pharmaceuticals (LGND - 11 «) - Buy Ligand Enters into Significant Strategic Alliance with Elan _________________________________________________________________ * Deal provides near-term financing ($50 million) to commercialize first two products and comfortably fund the operations of the company. * Deal provides access to capital ($80 million) for opportunistic in-licensing/acquisition activity. *** Ligand acquires rights to a Phase III product that could be launched in 2000. _________________________________________________________________

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