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Ligand Pharmaceuticals

Venture debtoperating company · company profile

Jupiter · Late Stage · 15 people tracked

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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.

Stage
Late Stage
Check
$10M – $50M
HQ
Jupiter, US
Instruments
Debt
Last 12 months
2 investments
Tracked investments
4

Team · 15 people

from the firm's website

What they invest in

from 3 of 4 portfolio companies

Biotech ×2Healthtech ×2Crypto & Web3 ×1Data & Infrastructure ×1Fintech ×1Medical Devices ×1

HQs:United States×2

Investments · 4 tracked

founders shown can be your intro path
Agenusagenusbio.comNASDAQ: AGENAug 2026

BiotechHealthtechMedical 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 Therapeuticstravere.comNASDAQ: TVTX

Travere Therapeutics is a patient-centered biopharmaceutical company that develops therapies for people living with rare kidney disease.

BiotechHealthtech

XOMA Royaltyacquired by Ligand

Biopharma royalty company acquired by Ligand, adding seven commercial products and more than 100 additional programs.

Zerionzerion.ioin𝕏Jun 2026

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 portfolio

AgenusNASDAQ: AGENTravere TherapeuticsNASDAQ: TVTXXOMA Royaltyacq. by Ligand

Portfolio news

latest coverage across their companies

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 team

Ligand Pharmaceuticals CEO Todd Davis Explores Catalysts to Drive Biotech Performance

Unboxing Biotech · Todd Davis

Images

Ligand Pharmaceuticals photoLigand Pharmaceuticals photo

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