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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
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   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
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   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to acquire XOMA Royalty for $739 million in cash deal</title>
   <link>http://www.streetinsider.com/Mergers+and+Acquisitions/Ligand+to+acquire+XOMA+Royalty+for+%24739+million+in+cash+deal/26369597.html</link>
   <description>

&lt;p&gt;Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) announced it will acquire XOMA Royalty Corporation (NASDAQ: XOMA) for $39.00 per share in cash, representing a total equity value of approximately $739 million.&lt;/p&gt;

&lt;p&gt;The acquisition price represents a 14% premium to XOMA Royalty's 30-day volume weighted average price as of April 24, 2026. XOMA Royalty stockholders will also receive one contingent value right per share, entitling holders to a portion of 75% of net proceeds from certain pending litigation.&lt;/p&gt;

&lt;p&gt;The transaction will expand Ligand's royalty portfolio to more than 200 assets and add seven commercial products. XOMA Royalty's portfolio includes over 120 commercial, clinical, and preclinical</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
   <link>http://www.streetinsider.com/Press+Releases/Ligand+to+Acquire+XOMA+Royalty%2C+Further+Accelerating+Profit+Growth+and+Strengthening+Ligand%E2%80%99s+Position+as+a+Leading+Biopharma+Royalty+Aggregator/26369553.html</link>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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   <title>Ligand to Acquire XOMA Royalty, Further Accelerating Profit Growth and Strengthening Ligand’s Position as a Leading Biopharma Royalty Aggregator</title>
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&lt;p align=&quot;center&quot;&gt;&lt;em&gt;Transaction expands Ligand’s royalty portfolio to more than 200 assets and adds seven new commercial products&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Bolsters and diversifies Ligand’s long-term compounding growth, adding a complementary portfolio across development stages, therapeutic areas, and modalities to broaden patient access and improve lives&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Acquisition is expected to be immediately accretive to Ligand adjusted EPS; Ligand increases 2026 adjusted EPS guidance to $8.50-$9.50&lt;/em&gt;&lt;em&gt;1&lt;/em&gt;&lt;em&gt; and expects the transaction to be accretive by $1.50 per share to adjusted EPS in 2027 &lt;/em&gt;&lt;em&gt;2&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;center&quot;&gt;&lt;em&gt;Ligand to hold investor call at 8:00 a.m. ET today&lt;/em&gt;&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;JUPITER, Fla. and EMERYVILLE,</description>
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