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Biotech / Medical : Ligand (LGND) Breakout!
LGND 205.63+1.0%11:29 AM EST

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To: Spekulatius who wrote (28655)4/5/1999 4:57:00 PM
From: Cacaito  Read Replies (1) of 32384
 
Ligand will fund more of the Seragen pipeline one way or another,
meaning their own money, or alliances with big pharma, or even a stock
the ALRI way (Allergan/Ligand special company to develop many of the
retinoid and rexinoid compounds, if I remember well both Panretin and
Targretin were financed this way, not sure).

Seragen fusion platform work will continue in other disorders, no
reference right now, but in a recent post there was a reference to
a different Ontak line of work.

Money spend in research by a company it is still good for tax
considerations, so your earnings are tax at a lower rate for years to come.
One of the value of adquiring almost defunct companies is their
tax significant carryover losses.

Correction: Aronex drug for CTCL is Atragen, a form of All-trans-retinoic
acid similar to the Panretin/Targretin way of work, but less receptor
specific. Atragen has more side effects and more toxicity.
Not Nyotran which is for fungal infections.
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