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News 2026-07-14 14:00 UTC

Ligand Pharmaceuticals Closes $739 Million XOMA Royalty Purchase

() -- Ligand Pharmaceuticals (LGND) has completed its acquisition of XOMA Royalty (XOMA) for an equity value of about $739 million, the company said Tuesday. XOMA Royalty shareholders received $39 in cash per share and one non-transferable contingent value right tied to a portion of proceeds from certain pending litiga