|Argus Research||Jasper Hellweg|
|CJS Securities||Lawrence Solow|
|Craig-Hallum Capital Group||Matt Hewitt|
|H.C. Wainwright & Co.||Joseph Pantginis|
|ROTH Capital Partners||Scott Henry|
|Stephens Inc.||Jacob Johnson|
Ligand Pharmaceuticals Incorporated is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Ligand Pharmaceuticals Incorporated's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ligand Pharmaceuticals Incorporated or its management. Ligand Pharmaceuticals Incorporated does not by its reference above imply its endorsement of or concurrence with such information, conclusions or recommendations.