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

To: jayhawk969 who wrote (22070)	6/11/1998 8:58:00 AM
From: Machaon	Respond to of 32384

<< Or what other alternatives do you have for the increase in shareholder value when you are trying to build a company that does not yet have a product? >> I agree. If LGND was interested in "short term" shareholder value, they would've taken the cash, instead of purchasing Seragen. Robinson has said that he expects ONTAK to have a significant effect on earnings. Ligand's pipeline is going to be producing wave, after wave, of product announcements, over the next year; and the pipeline is deep. They have numerous partnerships with some of the biggest drug companies. It's been very expensive, both in cash and stock offerings. However, the question of whether, or not, it's been worth it, could be decided fairly soon. Good luck, Bob

To: jayhawk969 who wrote (22070)	6/11/1998 10:40:00 AM
From: scaram(o)uche	Read Replies (1) \| Respond to of 32384

J.D.: That's an arrogant question. Instead of making blind assumptions, why not go out and find companies with leveraged business plans, market caps of < 10% that of LGND, and shareholder equities that are greater than that of LGND. They exist. There is very little leverage in the LGND business plan. Robinson keeps, time after time, giving away the leverage for shares/$$$ and modest royalties. How do you do it differently? You do it like Randy Scott has done it. Or George Rathman. Or Peter Johnson. Why don't you just bend over, grab your ankles, and say..... "yoo, hoo! David.... it felt so good last time!!" Henry...... thanks, very much, for the agonist info. A friend has verified everything that you've said. Sounds like a dream. How broad will that first patent claim be?? What are the odds that it will issue (not the patent, the claim.... what are the chances that the first patent claim, as it stands, will issue?)? Rick