Ligand Collaborator Merck Receives FDA Approval for CAPVAXIVE™ (Pneumococcal 21-valent Conjugate Vaccine) for Adults
Ligand Pharmaceuticals Incorporated (LGND)
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Source: Business Wire
CAPVAXIVE is the sixth FDA-approved product to utilize the Pfenex Expression Technology® platformLigand is entitled to a royalty on worldwide net sales of CAPVAXIVE JUPITER, Fla.--(BUSINESS WIRE)--Ligand Pharmaceuticals Incorporated (Nasdaq: LGND) today announced that its collaborator Merck, known as MSD outside the United States and Canada, has received approval from the U.S. Food and Drug Administration (FDA) for CAPVAXIVE™, previously known as V116, a 21-valent pneumococcal conjugate vaccine for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in the adult population. The indication for pneumococcal pneumonia is under accelerated approval. The FDA approval of CAPVAXIVE triggers a $2 million milestone payment to Ligand and the company is entitled to a royalty on worldwide net sales.“We are excited to see our longstanding collaborator Merck receive regulatory approval for CAPVAXIVE,” said Todd Davis, CEO of Ligand. “We believe this asset will be an import
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News
- The past three years for Ligand Pharmaceuticals (NASDAQ:LGND) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Ligand Collaborator Merck Receives FDA Approval for CAPVAXIVE™ (Pneumococcal 21-valent Conjugate Vaccine) for Adults [Yahoo! Finance]Yahoo! Finance
- Agenus gains after updating early-stage cancer drug data [Seeking Alpha]Seeking Alpha
- Ligand to Participate in Upcoming Investor ConferencesBusiness Wire
- Ligand (LGND) Moves to Strong Buy: Rationale Behind the Upgrade [Yahoo! Finance]Yahoo! Finance
LGND
Earnings
- 5/7/24 - Beat
LGND
Sec Filings
- 6/25/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- LGND's page on the SEC website