Companies /Healthcare

Ligand Pharmaceuticals Inc - Class B

NASDAQ: LGND Biotechnology
$307.55
▲ $1.15 (+0.38%) today
Markets open · 11:45am ET

LGND at a Glance

Valuation
Market cap
$6.1B
P/E ratio
32.3
Profitability
Revenue (TTM)
$290.5M
Profit margin
67.9%
EPS (TTM)
$9.49
Price
52-week range
$176 – $327
Street target
$345.75
Earnings
Next report
Oct 29, 2026

Headquartered in Jupiter, FL Fiscal year ends December NASDAQ: LGND ligand.com

About Ligand Pharmaceuticals

Ligand Pharmaceuticals is a biotechnology royalty aggregator that partners with biopharmaceutical companies to finance and advance late-stage clinical development programs. The company owns and manages one of the largest and most diversified portfolios of biopharmaceutical royalties in the industry, with economic interests in more than 200 development and commercial-stage assets following its acquisition of XOMA Royalty. Ligand funds high-value programs in exchange for long-term economic interests such as royalties and milestones, aligning capital deployment with clinical and commercial success. Revenue is primarily derived from three streams: royalties on partner products (including Travere's Filspari, Merck's Ohtuvayre and Capvaxive, Pelthos' Zelsuvmi, and newly acquired interests in Roche's VABYSMO and others), sales of its proprietary Captisol drug formulation technology, and contract revenue from milestones and licensing arrangements. The company also licenses its NITRICIL technology platform. Ligand's model is designed to generate capital-light, scalable revenue with high operating leverage as partner products progress through development and commercialization. Updated

LGND Coverage

10:55am ET
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Frequently Asked Questions

What does Ligand Pharmaceuticals do?

Ligand Pharmaceuticals is a biotechnology royalty aggregator that partners with biopharmaceutical companies to finance and advance late-stage clinical development programs.

What is the LGND stock price target?

The Wall Street consensus 12-month price target for LGND is $345.75.