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Shares of Ligand Pharmaceuticals (LGND) are up 135% in 2013. Despite this historic rise, the royalty collecting pharmaceutical company has plenty of room to run as it sees more drug approvals and returns cash to shareholders.


From the company's website:

"Ligand, a pharmaceutical company, is assembling a large and diverse portfolio of current and near-term commercial revenue generating assets to assist the long-term financial growth of the company. We operate this business on a lean cost structure that allows us to maximize cash flow and ultimately deliver a meaningful return for our shareholders."

New Approval With Pfizer for Menopause

Earlier in the week, Ligand Pharmaceuticals saw a drug it shares with Pfizer (PFE) approved...

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