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LGND > SEC Filings for LGND > Form 8-K on 20-May-2013All Recent SEC Filings

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Form 8-K for LIGAND PHARMACEUTICALS INC


20-May-2013

Termination of a Material Definitive Agreement


Item 1.02 Termination of a Material Definitive Agreement.
On April 27, 2012 we entered into Research License and Option Agreement with ARES Trading SA (a unit of Merck KGaA), under which we licensed certain rights to an undisclosed anti-inflammatory discovery research program to ARES Trading SA.
On May 17, 2013, by virtue of ARES Trading SA not having exercised by that date its option to obtain a further related license from us, the Research License and Option Agreement terminated in the ordinary course in accordance with its terms, and the rights to the program reverted to Ligand.

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