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Biotech / Medical : Ligand (LGND) Breakout!
LGND 195.83-0.7%Dec 26 9:30 AM EST

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To: TomOrt who wrote (26688)11/27/1998 10:07:00 AM
From: Henry Niman  Read Replies (3) of 32384
 
Jim McCamnat was just on CNBC. Talked mostly in general terms and only smaller company mentioned was ISIP (CHIR was mentioned as a diversified Biotech and CNTO was mentioned as having some competition for Remicade for Crohn's disease from ISIP's product which was a couple of years away from approval).

In lead in Joe Kernan mention Herceptin (GNE) and Enbrel (IMNX) and Mccamant indicated that the sectors progress had been steady, but price really hasn't moved much.

Indicated that Biotech was like internet - with no limits and predicted a major price move soon. Joe Kernan mentioned prevention as a boon to quality of life and economy and McCamant mentioned drugs that allowed workers get back to work (example was Enbrel for RA).

Mentioned that Gene Therapy was out of favor, so prices were low and also mentioned need for basket of stocks if 3rd tier companies were being considered.
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