Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) concerning whether a series of statements by Ligand Pharmaceuticals Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 16, 2019, a report published by Citron Research entitled "Pipeline Ligand Pipe Dream," detailed sources of future revenues by drug candidate, showing how roughly 60% of Ligand's milestone payments stem from just two companies. Furthermore, the report claimed that some of Ligand's partners have corporate addresses that are really a home or UPS box, or do not occupy their supposed address.
On this news, NASDAQ: LGND fell over $23.00 per share or 18%, during trading on January 16, 2019.
Based in San Diego, California, and founded in 1987 Ligand Pharmaceuticals Incorporated focuses on developing and acquiring technologies that help pharmaceutical companies to discover and develop medicines worldwide.
If you purchased shares of Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) on or before January 16, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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