Shares of Ligand (NASDAQ: LGND) popped 13% today after its partner GlaxoSmithKline's (NYSE: GSK) drug Promacta received an additional indication (an FDA approval) to increase low blood platelet levels in cases of chronic hepatitis C. However, new advances in hepatitis C care are revolutionizing treatment ideas that may take the wind out of Ligand's sails.
Will Ligand's jump today be short lived?
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