Ligand reports Q1 adjusted EPS $1.33, consensus $1.21

Reports Q1 revenue $45.3M, consensus $37.84M. “Ligand (LGND) delivered another strong quarter, reflecting the continued strength of our growing commercial royalty portfolio,” said Todd Davis, CEO of Ligand. “We also took a significant strategic step to accelerate the commercial launch of ZELSUVMI through our recently announced transaction with Channel Therapeutics. This deal includes substantial financial backing from a group of strategic investors, and we believe it will create significant value for stockholders through both equity and royalty participation. In today’s challenging biopharmaceutical financing environment, our royalty aggregation model stands out as a resilient and proven strategy.”