Ligand Pharmaceuticals: Solid Performer Performing Solidly

Out of Ignorance
7.39K Followers

Summary

  • Ligand Pharmaceuticals has seen over a 50% increase in share value since its Q1 earnings report.
  • Recent positive developments include new deals, regulatory successes, and raising 2024 guidance.
  • A new deal of up to $200 million with Agenus and $100 million acquisition of APEIRON contribute to the positive outlook.

Strong teamwork with two acrobats supporting each other

mikkelwilliam/E+ via Getty Images

This is my seventh article on a long-time favorite, Ligand Pharmaceuticals (NASDAQ:LGND), following most recently 04/2024's "Ligand: Buy This Pharma Royalty Aggregator To Generate Growth In Your Portfolio" ("Growth"). In Growth, I rated Ligand as a "Buy". It has rewarded

This article was written by

7.39K Followers
Writing under the pseudonym "out of ignorance", I very much regard investing as a learning process. Investing failures are tuition paid. Investing successes enter the trove of lessons learned. In my Seeking Alpha articles I share my experience from decades of investing and from ~5 years of focused research on a variety of stocks, in recent years with a primary emphasis on healthcare stocks. I greatly appreciate those who take the time to share their reactions to articles, particularly those who share relevant anecdotes and experiences.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LGND, URGN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I may buy or sell shares in any company mentioned over the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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