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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
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09/24/201421:28:09Correction to Dow Index Overseers Correction
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09/24/201406:29:39German Data Keep European Stocks Recovery in Check -- Update
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09/22/201417:07:45Germany's Merck to Buy Sigma-Aldrich for $17 Billion--3rd Update
09/22/201412:43:39Germany's Merck to Buy Sigma-Aldrich for $17 Billion--2nd Update
09/22/201410:27:59MARKET SNAPSHOT: U.S. Stocks Fall; Alibaba Drops After Historic...
09/22/201410:13:19Germany's Merck to Buy Sigma-Aldrich for $17 Billion--Update
09/22/201409:29:37MARKET SNAPSHOT: U.S. Stocks: Futures Lower On China Concerns
09/05/201409:49:05U.S. Hot Stocks: Hot Stocks to Watch
09/04/201415:30:42FDA Approves Merck's Cancer Drug

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