Ligand Pharmaceuticals (LGND) Partner GlaxoSmithKline (GSK) Receives Positive Data from Promacta PIII ENABLE1 Study

July 26, 2011 7:16 AM EDT
Ligand Pharmaceuticals (NASDAQ: LGND) announced that its partner GlaxoSmithKline (NYSE: GSK) has announced that it received positive data from ENABLE-1, the first of two Phase III studies examining Promacta (eltrombopag) in patients with hepatitis C-related thrombocytopenia, and that full data will be released at an upcoming scientific conference.

“We are very pleased with GSK’s announcement today about the ENABLE-1 study and we look forward to seeing the full results later this year,” said John Higgins, President and Chief Executive Officer of Ligand Pharmaceuticals. “Promacta is a very important program for Ligand, and the expansion of the franchise into this indication could contribute substantial new revenue to Ligand in the coming years,” added Mr. Higgins.


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