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Biotech / Medical : Ligand (LGND) Breakout!
LGND 189.55+3.5%Dec 12 9:30 AM EST

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To: dwc who wrote (26820)12/9/1998 7:44:00 AM
From: Henry Niman  Read Replies (1) of 32384
 
CNBC just did another update on AstraZeneca. They noted that overall companies were not leaders, but Astra was leading in treating ulcers and Zeneca was leading in cancer. Merger driven by patent expirations in 2001 as well as research costs. Noted that RP/HOE and Novartis were large competitors and speculated that AstraZeneca could be merged with another pharma.
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