Ligand Pharmaceuticals - M&A Summary and Business Overview

Life ScienceCompany

Ligand Pharmaceuticals M&A Summary

Ligand Pharmaceuticals has acquired 16 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Ligand Pharmaceuticals’ largest acquisition to date was in 2020, when it acquired Pfenex for $438M. It’s largest disclosed sale occurred in 2020, when it sold Vernalis to HitGen for $25M. Ligand Pharmaceuticals has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include life science (94%) and medical products (7%).

Ligand Pharmaceuticals Business Overview

Where is Ligand Pharmaceuticals headquartered?

Ligand Pharmaceuticals is headquartered in Jupiter, California.

What is Ligand Pharmaceuticals’ revenue?

Ligand Pharmaceuticals disclosed revenue of 131M USD for 2023 and 196M USD for 2022.

How many employees does Ligand Pharmaceuticals have?

Ligand Pharmaceuticals has 58 employees.

What sector is Ligand Pharmaceuticals in?

Ligand Pharmaceuticals is a life science company.

When was Ligand Pharmaceuticals founded?

Ligand Pharmaceuticals was founded in 1987.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 6

Ligand Pharmaceuticals

Ligand Pharmaceuticals, Inc.

555 Heritage Drive Suite 200,
Jupiter, California 33458
United States,
(858) 550-7500
www.ligand.com

Ligand Pharmaceuticals is a pharmaceutical company, develops products for men's and women's hormone-related diseases, osteoporosis, metabolic disorders, and cardiovascular and inflammatory diseases. Ligand Pharmaceuticals was founded in 1987 and is based in Jupiter, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 9 4 - - 2 1 16
vol $384M $465M $32M $100M $981M
Sell (0.2/yr) # - 1 - - - - 1
vol $25M $25M
  17

Most Recent M&A

Company Date Value Type
Apeiron Biologics AG 2024-07-08 100M USD Add-on Acquisition
Vienna, Austria · www.apeiron-biologics.com
Tolerance Therapeutics, Inc. 2023-11-01 20M USD Add-on Acquisition
San Diego, California
Novan, Inc. 2023-09-27 12M USD Special Situations/Distressed
Durham, North Carolina · www.novan.com
Vernalis Plc 2020-10-12 25M USD Divestiture
Winnersh, United Kingdom · www.vernalis.com
Taurus Biosciences LLC 2020-09-10 5M USD Add-on Acquisition
San Diego, California · www.taurusbiosci.com
xCella Biosciences 2020-09-10 7M USD Add-on Acquisition
Menlo Park, California · www.xcellabio.com
Pfenex, Inc. 2020-08-10 438M USD Add-on Acquisition
San Diego, California · www.pfenex.com
Icagen, Inc. - North Carolina Operations 2020-02-11 15M USD Divestiture
, North Carolina
Ab Initio Biotherapeutics, Inc. 2019-07-23 12M USD Add-on Acquisition
San Francisco, California · www.aibio.com
Vernalis Plc 2018-08-09 50M GBP Add-on Acquisition
Winnersh, United Kingdom · www.vernalis.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 15 (94%) 964M (98%) 1 (100%) 25M (100%)
Medical Products 1 (6%) 18M (2%) - -
Total 16 $981M 1 $25M

By Geo

State/Country Buy Value Sell Value
United States 14 831M - -
  California 8 685M - -
  North Carolina 2 27M - -
  New Jersey 1 70M - -
  Kansas 1 31M - -
  Connecticut 1 - - -
United Kingdom 1 50M 1 25M
Austria 1 100M - -
Domestic 14 (88%) 831M (85%) - -
Cross-border 2 (13%) 150M (15%) 1 (100%) 25M (100%)
Total 16 $981M 1 $25M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
MTS Health Partners LP
1
FinnCap Ltd.
1
Legal Deals
Latham & Watkins
2
McDermott Will & Emery
1
E+H Eisenberger + Herzog Rechtsanwalts
1

Deal Values

buy # Total
$100M to $1B 2 $616M
< $100M 12 $365M
TOTAL $981M
Largest Pfenex, Inc.
$438M (2020-08-10)
sell # Total
< $100M 1 $25M
TOTAL $25M
Largest Vernalis Plc
$25M (2020-10-12)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Strategic(s)
13%
2 (13%)
Divested to
Strategic(s)
100%
1 (100%)

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