Another acquisition for specialist dealmaker Ligand
Acquisitive biotech Ligand Pharmaceuticals (Nasdaq: LGND) has bought fellow Californian firm Ab Initio Biotherapeutics for $12 million in cash.
Ligand’s business model is based around building up a diverse range of product revenue streams through deal-making with companies that have complementary capabilities.
Ab Initio is focused on antigen design and preparation, the first steps necessary for the discovery of therapeutic antibodies.
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