Shares of Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) traded today at $211.59, eclipsing its 52-week high. Approximately 159,000 shares have changed hands today, as compared to an average 30-day volume of 859,000 shares.
In the past 52 weeks, Ligand Pharmaceuticals Incorporated share prices are bracketed by a low of $57.24 and a high of $211.59 and is now at $206.11, 260% above that low price.
Ligand Pharmaceuticals is a biopharmaceutical company focused on developing and acquiring technologies that aid in creating medicine. The company has partnerships and license agreements with various pharmaceutical and biotechnology companies. Ligand’s business model is based on drug discovery, early-stage drug development, product reformulation, and partnerships. The company’s revenue consists of three primary elements: royalties from commercialized products, license and milestone payments, and sale of its trademarked Captisol material.
Based on a current price of $206.11, Ligand Pharmaceuticals Incorporated is currently 1.5% above its average consensus analyst price target of $203.03.
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