Ligand Pharma (LGND) Tops Q3 EPS by 54c
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Ligand Pharma (LGND) Pursuing Plans for OmniAb to Become a Standalone Public Company
November 9, 2021 4:01 PM ESTLigand Pharmaceuticals Incorporated (NASDAQ: LGND) today announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business, and the other featuring Ligands existing collection of core royalties and the technologies, pipeline and contracts associated with the Pelican protein expression platform and the Captisol business. The spin-off is intended to create two companies with dedicated operational focus, business-specific capital allocation, agility to meet partner needs, and compelling focused investment profiles.
Our OmniAb business continues to have an outstanding year with the first regulatory... More
