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


To: growthvalue who wrote (24474)8/13/1998 5:25:00 PM
From: Henry Niman  Read Replies (1) | Respond to of 32384
 
I'm not sure that the "instant value" is quite as one sided as you indicate. LGND was going to get something "extra" in the LLY deal. It was either 1 1/2% in royalties (5 or 6 years from now), or a product to sell this year (and we will see if the product adds value in addition to cash). Thus, to get the 1 1/2%, they had to give up ONTAK, which may generate significant income over the next 5-6 years (and thereafter).