Ligand’s Pelthos joins Channel

17 April 2025

Florida biopharma Ligand Pharmaceuticals (Nasdaq: LGND) subsidiary Pelthos Therapeutics is to merge with Channel Therapeutics (NYSE American: CHRO), a developer of non-opioid pain treatments.

The merger will be supported by $50 million in capital raised from a group of strategic investors led by Murchinson.

This transaction presents a compelling opportunity to launch a commercial-ready product

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