LIGAND SELLS MORE PRODUCTS: $205M FOR CANCER PORTFOLIO By Randall Osborne West Coast Editor. BIOWORLD Today | September 11, 2006 | COPYRIGHT 2006 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Ligand Pharmaceuticals Inc. has followed its sale of Avinza rights for $265 million to King Pharmaceuticals Inc. by offloading three more drugs the rest of the firms commercial operations to Eisai Co. Ltd. for $205 million plus royalties, in what Ligand called an ongoing shareholder value maximization process. The troubled firms accounting practices became the subject of an SEC investigation last year, and CEO David Robinson resigned at the end of July, under fire from shareholders. Ligand posted a third-quarter loss this year of $11 million, almost twice the loss during ...

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