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Ligand Acquires Interest in AZ Asthma Program

Ligand Pharmaceuticals has purchased certain intellectual property and interests in future milestones and royalties for MEDI-528, an IL-9 antibody program under development by MedImmune, an AstraZeneca subsidiary.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Ligand Pharmaceuticals has purchased certain intellectual property and interests in future milestones and royalties for MEDI-528, an IL-9 antibody program under development by MedImmune, an AstraZeneca subsidiary. MEDI-528 is currently in a Phase II study for moderate-to-severe asthma. Ligand paid $2.8 million to the Genaera Liquidating Trust in connection with the purchase. As part of this transaction, Ligand entered into a separate agreement with Biotechnology Value Fund, L.P. (BVF), whereb...

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