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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Rocketman who wrote (6722)5/30/1999 8:07:00 PM
From: Andreas Helke  Read Replies (1) of 9719
 
How about buying back Ligand? I think the substantial investment in research and development that so far have suppressed the stock price will eventually lead to substantial profits in the next few years. And after the Elan deal LGND finally seems to have enough cash to last till profitability. With the awful financing conditions for biotech companies I do now strongly prefer companies that either are profitable or already have enough cash to last to profitability.

On the top of my personal buy list (I already have enough or probably too much LGND) are SEPR and especially MOGN. With the current MOGN stock price you essentially get MGI 114 a promising cancer drug candidate for free.

Andreas
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