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Ligand Pharmaceuticals Inc. (LGND) Enters into Agreement with Proximagen Neuroscience plc (PRX.L) for CXCR4 Target


9/17/2010 7:03:56 AM

SAN DIEGO--(BUSINESS WIRE)--Ligand Pharmaceuticals Incorporated (NASDAQ: LGND - News) announced today that it has transferred exclusive license rights to Proximagen Limited (AIM: PRX) for a series of compound hits related to the CXCR4 target with application for a number of indications including those related to the central nervous system. Ligand will receive an upfront payment and continue to be entitled to receive potential future milestone and royalty payments.

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