Ligand Pharmaceuticals

Ligand Pharmaceuticals (LGND): Lemelson Reaffirms 0 PT

Marlborough, MA, June 24, 2014 -- Lemelson Capital Management, a private investment management firm, today reaffirmed the analysis presented in its 25-page research report on Ligand Pharmaceuticals Inc. (NASDAQ:LGND), released originally on June 16, 2014, and the projected price target for its shares.


Correction in Ligand Pharmaceuticals' shares
”Despite nearly 16% correction in Ligand Pharmaceuticals Inc. (NASDAQ:LGND) shares since the report was published six trading days ago, we continue to affirm that the intrinsic value of its shares is immaterial,” said Lemelson Capital Management . . .

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