Ligand Pharmaceuticals - M&A Summary and Business Overview

Life ScienceCompany

Ligand Pharmaceuticals M&A Summary

Ligand Pharmaceuticals has acquired 15 companies, including 7 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 (94%) and medical products (7%).

Ligand Pharmaceuticals Business Overview

Where is Ligand Pharmaceuticals headquartered?

Ligand Pharmaceuticals is headquartered in EmeryVille, California.

What is Ligand Pharmaceuticals’ revenue?

Ligand Pharmaceuticals disclosed revenue of 277M USD for 2021 and 186M USD for 2020.

How many employees does Ligand Pharmaceuticals have?

Ligand Pharmaceuticals has 154 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 Activity16
    • M&A Buy Activity15
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Ligand Pharmaceuticals

Ligand Pharmaceuticals, Inc.

5980 Horton Street Suite 405,
EmeryVille, California 94608
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 EmeryVille, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 9 4 - - 2 - 15
vol $384M $465M $32M $881M
Sell (0.2/yr) # - 1 - - - - 1
vol $25M $25M
  16

Most Recent M&A

Company Date Value Type
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
Crystal Bioscience, Inc. 2017-10-04 25M USD Add-on Acquisition
Emeryville, California · www.crystalbioscience.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 14 (93%) 864M (98%) 1 (100%) 25M (100%)
Medical Products 1 (7%) 18M (2%) - -
Total 15 $881M 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
Domestic 14 (93%) 831M (94%) - -
Cross-border 1 (7%) 50M (6%) 1 (100%) 25M (100%)
Total 15 $881M 1 $25M

Top M&A Advisors

Financial Deals
FinnCap Ltd.
1
Barclays Investment Bank
1
MTS Health Partners LP
1
Legal Deals
Latham & Watkins
2

Deal Values

buy # Total
$100M to $1B 2 $616M
< $100M 11 $265M
TOTAL $881M
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)
7%
1 (7%)
Strategic(s)
13%
2 (13%)
Divested to
Strategic(s)
100%
1 (100%)

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