
Todd Davis: Third Major Deal of 2025 – Ligand and Medtronic Committed Over $70 million
Todd Davis, Chief Executive Officer and Director at Ligand Pharmaceuticals, shared on LinkedIn:
“We have had several exciting developments at Ligand Pharmaceuticals over the past few months. Yesterday we closed our third major deal of the year with Orchestra BioMed. Ligand and Medtronic committed over $70 million to advance Orchestra’s late-stage partnered cardiology programs: AVIM therapy and Virtue SAB.
These are high-impact, device-based therapies targeting high-risk patient populations with hypertension and arterial disease, two of the most significant global health challenges.
We are thrilled to add these two assets, one of which is backed by Orchestra’s long-term partner Medtronic, to our pipeline of development-stage assets.
Read the announcement here.”
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