Health & Fitness
Health and Fitness
Health and Fitness
Mon, October 11, 2010
Sun, October 10, 2010
Sat, October 9, 2010
Fri, October 8, 2010
SAN DIEGO--([ BUSINESS WIRE ])--Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) today announced the appointment of Sunil Patel to the Companya™s Board of Directors.
"Given Liganda™s unique biotech business model of conducting research, and acquiring and licensing assets, Sunil is an excellent addition to Liganda™s Board"
Mr. Patel, 39, has more than 17 years of senior management and R&D experience in the biotechnology industry and is currently Senior Vice President of Corporate Development for OncoMed Pharmaceuticals, a development-stage company focused on therapeutics targeting cancer stem cells. Mr. Patel has held senior management positions in corporate development, marketing, and strategy with BiPar Sciences, Allos Therapeutics, Connetics, Abgenix and Gilead Sciences. Mr. Patel also worked at McKinsey & Company serving biotech and pharmaceutical clients and has held scientific research positions at ZymoGenetics and ProCyte.
aGiven Liganda™s unique biotech business model of conducting research, and acquiring and licensing assets, Sunil is an excellent addition to Liganda™s Board,a said John L. Higgins, President and Chief Executive Officer of Ligand. aSunil has played a leadership role in numerous significant biotech licensing and M&A deals over the past several years. He has keen knowledge of the small and mid-cap biotech universe, extensive licensing and deal execution experience, and good instincts for R&D and pipeline priorities at big pharma. His ideas, knowledge and experience will be highly valuable as we work to continue to expand our business.a
Mr. Patel received his undergraduate degree in Chemistry at the University of California, Berkeley, and master's degree in Molecular Bioengineering/Biotechnology at the University of Washington.
About Ligand Pharmaceuticals Incorporated
Ligand discovers and develops novel drugs that address critical unmet medical needs of patients for a broad spectrum of diseases including hepatitis, muscle wasting, Alzheimer's disease, dyslipidemia, diabetes, anemia, COPD, asthma, rheumatoid arthritis and osteoporosis. Ligand's proprietary drug discovery and development programs are based on advanced cell-based assays, tissue-specific receptor ligand interactions and gene-expression tools. Among its peers, we believe Ligand has assembled one of the largest portfolio of assets including commercial therapies developed in partnership with pharmaceutical companies. Along with several internal programs, Ligand has established multiple alliances with the world's leading pharmaceutical companies including GlaxoSmithKline (GSK), Merck, Pfizer, Roche, Bristol-Myers Squibb and AstraZeneca, and more than 30 programs in various stages of development.
Caution Regarding Forward-Looking Statements
This news release contains forward looking statements by Ligand that involve risks and uncertainties and reflect Liganda™s judgment as of the date of this release. Actual events or results may differ from Liganda™s expectations. Additional information concerning these and other risk factors affecting Liganda™s business can be found in prior press releases available via [ www.ligand.com ] as well as in Liganda™s public periodic filings with the Securities and Exchange Commission at [ www.sec.gov ]. Ligand disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
