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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Henry Niman who wrote (9835)10/21/1997 11:18:00 AM
From: Henry Niman  Respond to of 32384
 
Although Ligand wasn't listed in the NY Times "Company Index" for today's stories, the did carry the AP article on LLY's earnings, which of course had quite a bit of info on the LGND deal:
"Lilly also announced Monday it has entered into a strategic alliance with
Ligand Pharmaceuticals Inc. to develop new products to treat advanced
diabetes, cardiovascular and related therapies.

Lilly will get the rights to Targretin, an oral therapy currently in early
clinical development for Type II diabetes; two second generation oral
diabetes compounds in preclinical development; and the rights to Ligand's
metabolic disease technology to develop more advanced diabetes,
cardiovascular and related therapies. "