Ligand Pharmaceuticals

Lemelson: Ligand Pharmaceuticals At Risk Of Bankruptcy

Marlborough, Mass., August 14, 2014—Lemelson Capital Management, a private investment management firm, today released a research note and audio interview by the firm’s Chief Investment Officer Emmanuel Lemelson, raising new and escalated concerns about the going concern risk and bankruptcy prospects of the troubled drug delivery company Ligand Pharmaceuticals Inc. (NASDAQ:LGND). The new concerns, raised in Lemelson’s August 13, 2014 interview with the financial media outlet Benzinga, follow Ligand’s August 11, 2014 announcement that it would issue $225 million of convertible senior debt, a portion of which would be used to repurchase shares in private . . .

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