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


To: Pseudo Biologist who wrote (26482)11/14/1998 12:21:00 PM
From: tonyt  Read Replies (1) | Respond to of 32384
 
News Alert from Dow Jones Online News via Quote.com
Headline:
Ligand Pharmaceuticals' 3rd-Quarter Loss More Than Quadrupled

==================================================
Ligand Pharmaceuticals Inc. - San Diego, Calif.
3rd Quar Sept 30:
1998 1997
Revenue $3,947,000 $10,172,000
Inc bef item a (16,275,000) (11,564,000)
Extrd item b (30,000,000) ....
Net income a (46,275,000) (11,564,000)
Avg shrs 40,333,000 32,800,000
Shr earns (basic, diluted)
Net income a (1.15) (.35)
Figures in parentheses are losses.
a. Includes $2 million from realized gain on investments.
b. Covers the write-off of in-process technology.
Ligand Pharmaceuticals Inc. (LGND) develops small-molecule
drugs usedto regulate hormone-activated intracellular receptors.
Copyright (c) 1998 Dow Jones & Company, Inc.
All Rights Reserved.




To: Pseudo Biologist who wrote (26482)11/14/1998 3:44:00 PM
From: Henry Niman  Respond to of 32384
 
WSJ Interactive (which includes Dow Jones) only has LGND's press release for 3Q results, and Reuters has the 3Q data under a title something like "3Q Results":
biz.yahoo.com
At least some quote.com sites just show the LGND press release:
fast.quote.com



To: Pseudo Biologist who wrote (26482)11/14/1998 3:49:00 PM
From: Sleepman  Read Replies (1) | Respond to of 32384
 
You are right, I should not get too excited about that kind of royalty arrangement. It looks like Seragen practically gave the product away! Dan