Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 192.29

-0.4%

Dec 16 3:59 PM EST

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To: Sleepman who wrote (26480)	11/13/1998 8:50:00 PM
From: Pseudo Biologist	Read Replies (3) of 32384

Dan, before getting too excited about this, one should realize the Novartis/Simulect royalty is under 1% of net sales. ("The Company" below refers to Seragen. This is a document dealing with the acquisition.) <<NOVARTIS In March 1996, the Company entered into a license agreement with Novartis, formerly Sandoz Pharmaceutical, Limited, whereby the Company granted Novartis a non-exclusive sub-license of certain patents in exchange for a $1.5 million non-refundable payment. Under the terms of the license agreement, beginning on January 1, 2001 Novartis will be required to pay a 0.75% royalty on the net sales price of licensed products that are sold under the sub-license agreement. The agreement is to remain in effect until expiration of the Company's licensed patents, or earlier upon termination as defined.>> From: LIGAND PHARMACEUTICALS INC S-4 (07/09/1998) sec.gov

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