Ligand Pharmaceuticals Incorporated · NASDAQ:LGND

Ligand Pharmaceuticals — Investor Day (June 2011)

5 slides from Ligand Pharmaceuticals's investor day presentation, Jun 24, 2011

  1. Slide 1: Revenue sources and drivers

    Exhibit 99.2 Exhibit REVENUE 2011 LICENSE ROYALTIES VFEND ABILIFY MATERIAL NUMEROUS NUMBERS DEVELOPING PAST PRESENT FUTURE License Material NEWEST Royalty LIGAND BAXTER STRONG CXCR2 Carfilzomib Nexterone Promacta REVENUE ~67% 99.2 and Program GEODON Sales RECEIVES ~10% NEXTERONE ACQUIRED LAUNCHED CE

  2. Slide 2: Captisol-enabled melphalan

    Captisol-EnablEd, Pivotal >50,000 market melphal Product alkeran propylene develoPment orphan Financial addresses L the approVaL igand Bottom abiLity drUg is ‘advantages an patients soPPortunity $80+ cUrrently and glycol-free M to (alkeran) line designation status own eLphaL beyond mm inapG the pack

  3. Slide 3: SARM LGD-4033

    Phase Supportive preclinical sarm lgd-4033 sarM Unique Most clinical Ph. Well Potential commercial medical & lean Populations average the Ligand’s long-term Bottom Imass tolerated efficacy potent iiAR leg ready needs sarM to(kg) animal line binding Press address oral muscle trends with in prograM ch

  4. Slide 4: Topical JAK3 inhibitor preclinical program

    TOPICAL PRECLINICAL target Small-molecule Specific lower Jak3 Ligand Many Active Compounds No inhibition photocytotoxicity, cI(IL-2, JAK3 JAK1 IL-7 IL-15 homeostasis, activation, IL-21 IL-9 Ab T-cell diff, Activation, Transcription S P Differentiation, activation Stat5 the L-2 urvival cytokine Stat5

  5. Slide 5: Fructose bisphosphatase discovery program

    Fructose Pii Discovery glucagon Preclinical dgat glucokinase discovery Novel Ligand aboF in engage to opportunity the us giVes eassets cdM taboLic road oLL isease diabetes Bottom inhiBitor aboration dIABeteS s BisPhosPha-tase portFoLio recePtor line (gk) MeChANISM activator antagonist (FBP)ofinhiBit

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