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Revenues up 56% in the quarter driven by Captisol
February 9, 2015
By: Kristin Brooks
Ligand 4Q Revenues: $23.0 million (+56%) 4Q Earnings: $7.1 million (+278%) FY Revenues: $64.5 million (+32%) FY Earnings: $12.0 million (+5%) Comments: Royalty revenues increased 32% in the quarter to $9.4 million primarily due to higher royalties from Promaca and Kyprolis. Material sales increased to $13.0 million from $6.8 million in 4Q13 due to higher demand for Captisol for both clinical and commercial uses.
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