Drug Development ProgressQTORIN continues its development programs with positive Phase 2 TOIVA data and Palvella plans to seek Breakthrough Therapy Designation for cutaneous venous malformations.
Partnership And Market ExpansionMerck's acquisition of Verona Pharma and investment in Ohtuvayre have driven royalty revenues to Ligand and could provide R&D catalysts in several new indications for the drug beyond COPD.
Revenue And Earnings GrowthLigand Pharma hosted its annual analyst day, providing positive guidance of revenues of $225-$235 million and adjusted EPS of $7.40-$7.65 for 2025, with forecasts of $245-$285 million in revenues and $8.00-$9.00 in earnings for 2026.