Ligand Enters into Captisol Commercial Supply Agreement with Merck

Ligand Pharmaceuticals Incorporated LGND announced today that it has entered into a Captisol® supply agreement with Merck & Co., Inc. MRK for an undisclosed program. Ligand will supply clinical and commercial supplies of Captisol and, if the program is approved for commercialization, expects to deliver multiple metric tons of Captisol annually. Financial terms of the deal were not disclosed.