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Actionable news in LGND: Ligand Pharmaceuticals Incorporated,

Entry Into a Material Definitive

On November6, 2015, Ligand Pharmaceuticals Incorporated (Ligand or the Company) entered into a Lease (the Lease) with 3911/3931 SVB, LLC, a California limited liability company (Landlord), for certain premises consisting of a total of 4,847 square feet of space in an office building located at 3911 Sorrento Valley Boulevard, San Diego, California 92008, to serve as the Companys new corporate headquarters (the Premises). Subject to certain exceptions related to tenant improvements to the Premises, the Lease term will commence on May1, 2016 and expires eighty-four months later, unless earlier terminated, with an option to extend the Lease term for a single, five-year period. Pursuant to the terms of the Lease, the monthly base rent will be $10,421.05, subject to a 3% annual increase. If the Lease term is extended for the optional five-year period, the monthly base rent will be adjusted based on fair market rental value. In addition to rent, the Company agreed to pay a portion of the taxes and utility, maintenance and other operating costs (including costs of capital repairs and improvements) paid or accrued in connection with the ownership and...


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