other material
confidence high
sentiment neutral
materiality 0.20
Ligand says it holds no SVB deposits, expects no material impact from SVB failure
LIGAND PHARMACEUTICALS INC
- SVB closed by CA regulator on March 10, 2023; FDIC appointed receiver.
- Ligand has no deposits, securities, or accounts at SVB.
- Ligand does not expect any material adverse effect on its business or results from partner exposure.