"We would like to think that we will have a very solid drug target in the next five years, " said Kerrigan, who said his project has a 1 million pound grant from the Health Research Board of Ireland and Britain's Wellcome Trust.
In corporate news, Target edged up 0.1% on solid quarterly figures, as Wal-Mart fell 0.4% on concerns about its profit forecast and expansion of an internal bribery probe past Mexico to Brazil, China and India.
We like LQDT because we think two market misperceptions have unfairly punished the stock and see solid catalysts that will drive convergence between the current price and our target price.