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January 9, 2013
09:02 EDTLGNDLigand Pharmaceuticals receives equity milestone payment from Retrophin
Ligand Pharmaceuticals has received a milestone payment of 620,000 shares of common stock in newly public partner Retrophin. The milestone arose under the previously executed license agreement for the development and commercialization of Retrophin’s lead clinical candidate RE-021, formerly known as DARA and was triggered by the completion of Retrophin’s merger with Desert Gateway and its transition to a publicly traded company. Ligand will record milestone revenue equal to the estimated fair value of the shares received, which will be determined by an independent valuation firm. The shares issued to Ligand represent approximately 7% of Retrophin’s outstanding capital stock and may be subject to certain trading restrictions. Ligand believes that Retrophin expects to begin enrollment in a Phase 2 clinical trial known as “FONT-3” during the first half of 2013.
News For LGND From The Last 14 Days
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November 25, 2015
09:38 EDTLGNDLigand enters license and supply agreement with Vireo Health
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November 18, 2015
14:43 EDTLGNDLigand management to meet with Craig-Hallum
Meeting to be held in Minneapolis on November 19 hosted by Craig-Hallum.
10:15 EDTLGNDLigand sees 2017 adjusted EPS over $4.75
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10:12 EDTLGNDLigand reaffirms 2015 adjusted EPS outlook $3.34-$3.37
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November 17, 2015
11:25 EDTLGNDLigand to host analyst day
Analyst Day to be held in New York on November 17 at 10 am. Webcast Link

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