Headquartered in Jupiter, FL·Fiscal year ends December·NASDAQ: LGND·ligand.com
About Ligand Pharmaceuticals
Ligand Pharmaceuticals is a biopharmaceutical royalty aggregator. It finances and advances partners' late-stage clinical programs in exchange for long-term economic interests such as royalties and milestones.
Following its July 2026 acquisition of XOMA Royalty, its portfolio more than doubled to over 200 commercial, clinical and preclinical royalty assets. Key royalty assets include:
- Travere's Filspari
- Merck's Ohtuvayre and Capvaxive
- Roche's Vabysmo
- Servier/Ipsen's Ojemda
- Zevra's Miplyffa
- Santen's Ryjunea
- Pelthos' Zelsuvmi
Its development-stage assets include Takeda's mezagitamab, Mirum's volixibat, Palvella's Qtorin rapamycin and Orchestra BioMed's AVIM Therapy.
Royalties make up the large majority of revenue. Ligand also sells and licenses its Captisol drug formulation technology and licenses its NITRICIL platform, and earns contract revenue from partners. It funds investments through cash, short-term investments, convertible senior notes and a credit facility. Updated
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Ligand Pharmaceuticals is a biopharmaceutical royalty aggregator. It finances and advances partners' late-stage clinical programs in exchange for long-term economic interests such as royalties and milestones.
What is the LGND stock price target?
The Wall Street consensus 12-month price target for LGND is $360.82.