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

To: shasta23 who wrote (20485)	5/11/1998 5:44:00 PM
From: Peter Silsbee	Respond to of 32384

>> What happens now since they buy the company including the component? The purchase of the company would not include any of LLY's rights to the drug. So this should not affect anything to do with the Lilly deal, except of course to finally resolve the question of which compound they choose. Chose. PLS

To: shasta23 who wrote (20485)	5/11/1998 5:46:00 PM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Stefan, As I recall, LGND could take the drug (DAB-IL2 )for cancer for $20 million, which is what they are doing. However the drug also has psoriasis applications which are not owned by LLY. SRGN also has additional cancer drugs. Thus, LGND is getting LLY's share (for $20 million), SRGN (for $67 million?), and the manufacturing plant (for $8 million). Part of the $67 million and all of the $20 million to LLY are contingent on FDA approval of DAB-IL2 That's my quick take. I'll post more soon.

To: shasta23 who wrote (20485)	5/11/1998 7:16:00 PM
From: HerbertOtto	Read Replies (1) \| Respond to of 32384

LGND gets new Cancer drug candidate! Stefan, Since Henry has already responded, I'll go back to reading everybody else's posts. The next few weeks should be interesting. I noticed Jim McCammet on CNBC this morning once again mentioned ISIP and not LGND. With all the activity in LGND this year I am surprised he did not mention LGND. Does anybody know if he has a political problem of some kind with LGND? I seem to remember Jim McCammet recommends LGND in his letter. Good luck longs, Herbert