Ligand Pharma (LGND) Pops Higher Ahead of FDA Committee Vote for Carfilzomib (ONXX)

June 20, 2012 3:44 PM EDT
Ligand Pharmaceuticals (Nasdaq: LGND) shares are up 10 percent as the Oncologic Drugs Advisory Committee of the U.S. Food and Drug Administration (FDA) is currently discussing carfilzomib's application as a treatment for multiple myeloma.

Ligand is a partner with Onyx Pharma (Nasdaq: ONXX) on the drug. The spike could be a positive indication for the outcome.


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