Financial PerformanceLigand reported financial results including revenues of $45.3 million, an increase of 46% year-over-year, and higher adjusted earnings of $1.33 per share, boosted by higher sales of Ligand's Captisol excipient and increased royalty revenues from licensed products.
Investment OpportunitiesLGND stands as an important source of differentiated capital through royalty-financing deals to mid–late stage biopharma companies looking for non-dilutive funding.
New Product LaunchesHighlights for Ligand’s first quarter included recent launches of new drugs and clinical progress in new therapeutic areas, along with the completion of the Pelthos Therapeutics spin-off into a new public company.