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Ligand: Glaxo Receives Priority Review for Eltrombopag's Supplemental NDA

By Victoria Stilwell Ligand Pharmaceuticals Inc. (LGND) said the U.S. Food and Drug Administration granted its partner, GlaxoSmithKline PLC (GSK), priority review of the supplemental new drug application for its eltrombopag drug, which treats thrombocytopenia in patients with chronic hepatitis C virus infection. Eltrombopag, known by the brand name Promacta in the U.S., is currently approved in 89 countries as a treatment for patients with chronic immune thrombocytopenia. Thrombocytopenia is a condition in which a patient's blood has a lower-than-normal number of platelets, allowing mild to serious bleeding to occur inside the body or underneath or from the skin. The drug is used to increase the number of cells that help the blood clot in order to decrease the risk of bleeding. Ligand is a biopharmaceutical company that aims to develop or acquire diverse, royalty-revenue-generating assets and couple them with a lean corporate cost structure. Ligand has also partnerships with companies including Merck & Co. (MRK), Pfizer Inc. (PFE) and Eli Lilly & Co. (LLY). Shares of Ligand closed Tuesday at $17.61 and were inactive in premarket trade. The stock is up 48% so far this year. Write to Victoria Stilwell at Victoria.Stilwell@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Merck (MRK)
DateTimeHeadline
04/22/201409:50:05Glaxo Exits Cancer Drugs
04/10/201409:43:48Merck: Hepatitis C Drug Shows 98% Cure Rate in Mid-Stage Trial...
04/10/201409:30:24Merck: Hepatitis C Drug Shows 98% Cure Rate in Trial
04/10/201409:09:09Merck: Hepatitis C Drug Shows 98% Cure Rate in Mid-Stage Trial
03/30/201408:46:34MARKET SNAPSHOT: Play-it-safe Stock Investors May Take Some Risk...
03/30/201408:44:49New Drugs to Lower Cholesterol Show Promise: Studies
03/28/201418:57:23Merck CEO Frazier: Consumer Unit Draws 'Substantial' Interest...
03/27/201409:44:41U.S. Hot Stocks: Hot Stocks to Watch
03/26/201416:30:44Merck, Glaxo Hold Off on Help With Affordable Care Act Copays
03/12/201415:50:24Glaxo Reports Positive Results from Asthma Drug Studies
03/12/201415:36:51GlaxoSmithKline Reports Positive Results from Asthma Drug Studies...
03/05/201414:00:05Merck, Bristol-Myers Report Positive Data
03/05/201413:50:39Merck, Bristol-Myers Report Positive Data on Investigational...
02/12/201418:27:22Merck's Sale of Consumer Business Could Fetch $10 Billion...
02/07/201417:50:50Merck to Settle Contraceptive Product Lawsuits
02/07/201417:30:19Merck to Settle Contraceptive Product-Liability Lawsuits
02/07/201411:50:13Merck to Pay $100 Million in Legal Settlement on Contraceptive...
02/05/201416:47:03MARKET SNAPSHOT: U.S. Stocks Fall; Data Stoke Fears Of Slowdown
02/05/201414:11:17MARKET SNAPSHOT: U.S. Stocks Eye Rebound; Dow Reverses Losses
02/05/201411:42:07MARKET SNAPSHOT: U.S. Stocks Fall To Session Lows After ISM...

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