Ligand Pharmaceuticals

Ligand Pharmaceuticals Incorporated
Company typePublic
IndustryBiopharmaceuticals
FoundedSeptember 1987; 37 years ago (1987-09)
FounderBrook Byers[1]
HeadquartersSan Diego, California, U.S.
Key people
John Higgins (CEO)
RevenueUS$141 million (2017)[2]
Number of employees
155 (2020)[3]
Websiteligand.com

Ligand Pharmaceuticals Incorporated is a biopharmaceutical company located in San Diego, California.[4] Founded in 1987 as Progenix Inc., the company went public in 1992. Initially focused on developing its own drugs, a period of turbulence in the early 2000s culminated in its CEO being ejected by the shareholders and provoked a change in focus to the acquisition of existing drugs and forming partnerships to develop them further.[citation needed]

The company has been the subject of multiple regulatory investigations,[5] negative shorts-seller reports[6] and class action lawsuits amid allegations of securities fraud.[7][8][9][10]

In 2018 its CEO was listed among the top five highest paid CEOs in San Diego.[11]

  1. ^ "Ligand Pharmaceuticals Incorporated History". Funding Universe.
  2. ^ "LGND financials". Yahoo! Finance. 2017-12-31. Retrieved September 16, 2018.
  3. ^ "LGND profile". Yahoo! Finance. December 31, 2020. Retrieved September 6, 2021.
  4. ^ "About :: Ligand Pharmaceuticals, Inc. (LGND)". Ligand. Retrieved 2018-09-12.
  5. ^ Cite error: The named reference Xconomy was invoked but never defined (see the help page).
  6. ^ "Priest Urged Investors To 'Run' From Pharma Biz, Jury Hears - Law360". www.law360.com. Retrieved 2022-10-01.
  7. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :2 was invoked but never defined (see the help page).
  10. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  11. ^ "How the 16 highest-paid CEOs of San Diego public companies made their money". San Diego Union-Tribune. 2019-07-14. Retrieved 2022-10-01.