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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.07-3.4%3:59 PM EST

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To: Exacctnt who wrote (27156)1/4/1999 7:55:00 PM
From: Machaon  Read Replies (1) of 32384
 
<< The question to be answered, is Ligand desperate for cash? >>

Robinson said, in today's press release, that the funds could be used to "pursue product acquisitions during 1999".

This puzzles me!? They've got close to 40 products in the pipeline, and very little news coming out of that pipeline. Their Targretin Diabetes Phase II trial in Europe will be two years old this March of 1999.

I don't know if "little" news from the pipeline is good or bad news at this time?

Regards Bob, Bob
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