Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.62

+0.1%

Dec 24 12:59 PM EST

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To: Alper H.YUKSEL who wrote (26557)	11/17/1998 8:39:00 AM
From: Henry Niman	Read Replies (1) of 32384

Bear Stearns came out with a reiterated BUY this morning, keeping the 4Q loss at $0.02 and next year's gain at $0.09. They expect Panretin sales next year to be $14 million and ONTAK sales to be $14.5 million. Panretin sales are expected to grow to the $40-$50 million per year range and ONTAK is projected to eventually produce $30 million in annual sales. The y expect an ex-US, ex-Europe marketing deal for Panretin and ONTAK to be announced soon, possibly this year.

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