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

To: Machaon who wrote (23275)	7/16/1998 9:03:00 AM
From: Henry Niman	Read Replies (1) \| Respond to of 32384

Speaking of strong news, LGND was mentioned a couple of times in Bear Stearn's Biotech Watch which came out yesterday. Under "Regulatory Watch", LGND priority review for Topical Panretin was discussed. Since the NDA was filed on May 26, 1998, a late November approval is anticipated. BS expects a full launch in 1Q, 1999, rather than the last quarter of this year because of the holiday season. The G-CSF mimic is discussed under the "Clinical Watch" section. It's competition with Neupogen was mentioned and the discussion closed with "Preclinical data presented in the Science article indicate that the new molecule stimulates neutrophil production in a mouse model."

To: Machaon who wrote (23275)	7/16/1998 3:45:00 PM
From: RevMikeB	Read Replies (1) \| Respond to of 32384

<<On the other hand, long term holders are really getting the shaft by this selling!>> I'm long term, but I don't think it's me who's getting the shaft, but short term investors. Some of them have bought lgnd around $14-16 and they will suffer, because they may not be able to wait to see the stock recover. I have the time to wait if I'm patient enough. (I may not be though.) So if the stock doesn't go up this year, the jump will be bigger in the next couple of years as the price reflects the value of the company. What concerns me is that there has been a double wammy. 1) Dilution of shares, and 2) Selling of lgnd stock by Allergan. If further dilution occurs anytime soon, I'm out of this stock forever!!!! I won't look back!