Palvella Therapeutics Appoints Matthew E. Korenberg as Chief Financial Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Globenewswire
Appointment of CFO: Palvella Therapeutics has appointed Matthew E. Korenberg as Chief Financial Officer, bringing over 27 years of experience in biotech and healthcare investment banking to the company as it advances its rare disease pipeline and lead product candidate QTORIN™ rapamycin.
Company Focus and Merger: Palvella is dedicated to developing therapies for serious, rare genetic skin diseases and is currently working on a merger with Pieris Pharmaceuticals, which will enhance its capabilities and growth potential in the biopharmaceutical sector.
Analyst Views on LGND
Wall Street analysts forecast LGND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGND is 238.33 USD with a low forecast of 220.00 USD and a high forecast of 275.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 196.080
Low
220.00
Averages
238.33
High
275.00
Current: 196.080
Low
220.00
Averages
238.33
High
275.00
About LGND
Ligand Pharmaceuticals Incorporated is a biopharmaceutical company enabling scientific advancement through supporting the clinical development of medicines. It does this by financing, licensing its technologies or both. It operates two infrastructure-light royalty-generating IP platform technologies. Its Captisol platform technology is a chemically modified cyclodextrin with a structure designed to optimize the solubility and stability of drugs. This technology has enabled FDA-approved products, including Gilead’s Veklury, Amgen’s Kyprolis, Baxter’s Nexterone, and Acrotech Biopharma’s Evomela. Its NITRICIL platform technology facilitates tunable dosing, permitting an adjustable drug release profile to allow proprietary formulations that target a range of indications. Its technologies also include HepDirect, LTP and BEPro Technology Platform, and Pelican Expression Technology. It has multiple alliances, licenses and other business relationships with various pharmaceutical companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
