Ligand, Janssen Enter R&D Deal

Date : 07/11/2018 @ 5:48PM
Source : Dow Jones News
Stock : Johnson & Johnson (JNJ)
Quote : 129.11  4.42 (3.54%) @ 12:05AM
Johnson & Johnson share price Chart

Ligand, Janssen Enter R&D Deal

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND)
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   Micah Maidenberg 
 

Subsidiaries of Ligand Pharmaceutical Inc. (LGND) and Johnson & Johnson (JNJ) have entered into a research-and-development agreement focused on a "transgenic chicken platform" aimed at generating and discovering antibodies for humans, according to a securities filing.

Ligand's company Crystal Bioscience Inc., and Janssen Research & Development LLC, which is part of the Janssen Pharmaceutical Cos. of Johnson & Johnson, agreed to work together on Ligand's development of the platform, the filing said.

Under the deal, Ligand will be able to earn milestone payments contingent on various deliverables and will be able to sell the platform to others in the market.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

July 11, 2018 17:33 ET (21:33 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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