Will Ligand’s Partner’s FDA Approval Make These Top Institutional Shareholders Feel Better?

Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) has said that their partner GlaxoSmithKline (NYSE:GSK) reported the United States Federal Drug Administration approved Promacta to treat Thrombocytopenia in patients diagnosed with chronic Hepatitis C, enabling them to initiate and maintain Interferon-based therapy. Promacta is the first supportive care treatment that has been made available to ineligible or poor candidates for Interferon-based therapy as a result of their low blood platelet counts. Promacta, together with Interferon-based therapy, has proven to improve a patient’s probability of achieving an ongoing virologic response or viral cure.

Will Ligand Pharmaceutical Incorporated’s share holders increase their holdings? They reported owning a total of 14.707 million shares on 09/30/2012. The shares closed at $17.15 on 09/30/2012.

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Here are the ten largest positions in Ligand Pharmaceuticals Incorporated at the end of September 30th, 2012.

BVF Inc./IL held 3,476,044 shares on 09/30/2012 worth $59,614,153. This brought the portfolio total to 12.14%.

DAVID M. Knott  held 1,572,566 shares on 09/30/2012 worth $26,969,506. This brought the portfolio total to 4.43%.

Wellington Management Co. LLP. held 1,307,643 shares on 09/30/2012 worth $22,426,077. This brought the portfolio total to 0.01%.

Millennium Management LLC. held 1,164,800 shares on 09/30/2012 worth $19,976,320. This brought the portfolio total to 0.13%.

Vanguard Group Inc. held 1,037,462 shares on 09/30/2012 worth $17,792,473. This brought the portfolio total to 0.0%.

Ubs Global Asset Management Americas Inc. held 684,229 shares on 09/30/2012 worth $11,734,527. This brought the portfolio total to 0.02%.

Blackrock Fund Advisors held 628,829 shares on 09/30/2012 worth $10,784,417. This brought the portfolio total to 0.0%.

Blackrock Institutional Trust Company N.A. held 556,863 shares on 09/30/2012 worth $9,550,200. This brought the portfolio total to 0.0%.

FMR LLC. held 502,282 shares on 09/30/2012 worth $8,614,136. This brought the portfolio total to 0.0%.

Ashford Capital Management Inc. held 392,867 shares on 09/30/2012 worth $6,737,669. This brought the portfolio total to 1.26%.

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