BRIEF-Ligand Collaborator Merck Receives FDA Approval For Pneumococcal Vaccine For Adults

Reuters06-18

June 18 (Reuters) - Ligand Pharmaceuticals Inc :

* LIGAND COLLABORATOR MERCK RECEIVES FDA APPROVAL FOR CAPVAXIVE™ (PNEUMOCOCCAL 21-VALENT CONJUGATE VACCINE) FOR ADULTS

* LIGAND PHARMACEUTICALS INC: LIGAND IS ENTITLED TO A ROYALTY ON WORLDWIDE NET SALES OF CAPVAXIVE

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