Jupiter · Late Stage · 15 people tracked
Investment thesis
Ligand functions as a royalty aggregator, partnering with biopharmaceutical companies to provide strategic capital that finances and advances late-stage clinical development programs. It holds one of the largest and most diverse portfolios of biopharmaceutical royalties in the industry, spanning more than 200 commercial, clinical, and preclinical-stage programs across multiple therapeutic areas, development stages, modalities, and partners. This approach creates diversified exposure to innovative medicines intended to improve and extend lives worldwide, generating returns through royalty streams on marketed and developing products.
Source: firm website, verified Aug 3, 2026.
Team · 15 people
from the firm's websiteWhat they invest in
from 3 of 4 portfolio companiesBiotech ×2Healthtech ×2Crypto & Web3 ×1Data & Infrastructure ×1Fintech ×1Medical Devices ×1
HQs:United States×2
Investments · 4 tracked
founders shown can be your intro pathBiotechHealthtechMedical DevicesLexington, US
Garo Armen(Executive Officer, Director)Ozer Baysal(Executive Officer)Robert Stein(Executive Officer)Christine Klaskin(Executive Officer)Karen Valentine(Executive Officer)
BoardBrian Corvese(Director)
Co-investorsAdvent Life SciencesGrazia Equity GmbHHEALTHCARE ROYALTY PARTNERSOberland CapitalCommodore CapitalInvus+1 more
Travere Therapeutics is a patient-centered biopharmaceutical company that develops therapies for people living with rare kidney disease.
BiotechHealthtech
Biopharma royalty company acquired by Ligand, adding seven commercial products and more than 100 additional programs.
Zerion is a self-custodial, multichain wallet and data platform that aggregates assets and positions across 58+ blockchains in real time, offering swap routing, trading, and an API for wallet data access.
Crypto & Web3Data & InfrastructureFintechSan Francisco, US
Evgeny Yurtaev(Founder & CEO)in
Co-investorsAlliance DAO (ex DeFi Alliance)BitDAODigital Currency GroupMantle NetworkMosaic VenturesPlaceholder VC+8 more
Exits · 3
IPOs and acquisitions across the tracked portfolioAgenusNASDAQ: AGENTravere TherapeuticsNASDAQ: TVTXXOMA Royaltyacq. by Ligand
Portfolio news
latest coverage across their companiesAgenus · simplywall.st · Aug 15, 2026
Zerion · tradingview.com · Jun 30, 2026
Frequently asked questions
- What stage does Ligand Pharmaceuticals invest at?
- Ligand Pharmaceuticals invests at the Late Stage stage.
- What is Ligand Pharmaceuticals's typical check size?
- Ligand Pharmaceuticals typically writes checks of $10M – $50M.
- What sectors does Ligand Pharmaceuticals focus on?
- Ligand Pharmaceuticals focuses on Biotech, Healthtech.
- Where is Ligand Pharmaceuticals located?
- Ligand Pharmaceuticals is headquartered in Jupiter, US.
Media · Podcasts & interviews
featuring the teamLigand Pharmaceuticals CEO Todd Davis Explores Catalysts to Drive Biotech Performance
Unboxing Biotech · Todd Davis
Images
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