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Ligand Pharmaceuticals, Inc.
Drug Names(s): NGD 2000-1
Description: NGD 2000-1 blocks the activity of the C5a receptor.
Deal Structure: NGD 2000-1was originally developed by Neurogen.
In August 2009, Ligand Pharmaceuticals and Neurogen announced they have entered into a definitive merger agreement under which Ligand will acquire Neurogen. Under the transaction, Neurogen stockholders will receive an estimated $11 million in Ligand common stock. The acquisition was completed in December 2009.
NGD 2000-1 News
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