Ligand Pharmaceuticals Mergers and Acquisitions Summary

Life Science Company

Ligand Pharmaceuticals has acquired 13 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 2 countries. The Company’s most targeted sectors include life science (93%) and medical products (8%).

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M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Ligand Pharmaceuticals, Inc.

3911 Sorrento Valley Boulevard Suite 110,
San Diego, California 92121
United States,
(858) 550-7500
www.ligand.com

Ligand Pharmaceuticals, Inc. 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 San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.4/yr) # 6 1 1 1 4 - 13
vol $297M $25M $50M $12M $465M $849M
Sell (0.2/yr) # - - - - 1 - 1
vol $25M $25M
  14

Most Recent M&A

Company Date Value Type
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
Crystal Bioscience, Inc. 2017-10-04 25M USD Add-on Acquisition
Emeryville, California · www.crystalbioscience.com
CorMatrix Cardiovascular, Inc. - Synthetic Royalty and Milestone Rights 2016-05-04 18M USD Divestiture
, United States
Open Monoclonal Technology, Inc. (OMT) 2015-12-17 178M USD Add-on Acquisition
Palo Alto, California · www.openmonoclonaltechnology.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 12 (92%) 832M (98%) 1 (100%) 25M (100%)
Medical Products 1 (8%) 18M (2%) - -
Total 13 $849M 1 $25M

By Geo

State/Country Buy Value Sell Value
United States 12 799M - -
  California 7 665M - -
  North Carolina 1 15M - -
  New Jersey 1 70M - -
  Kansas 1 31M - -
  Connecticut 1 - - -
United Kingdom 1 50M 1 25M
Domestic 12 (92%) 799M (94%) - -
Cross-border 1 (8%) 50M (6%) 1 (100%) 25M (100%)
Total 13 $849M 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

Deal Values

buy # Total
$100M to $1B 2 $616M
< $100M 9 $233M
TOTAL $849M
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)
33%
1 (33%)
Strategic(s)
67%
2 (67%)
Divested to
Strategic(s)
100%
1 (100%)

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