XML 50 R33.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financial Royalty Assets, net (formerly known as Commercial License Rights) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Financial Royalty Assets | As of December 31, 2024 and 2023, financial royalty assets consist of the following (in thousands):
|  | December 31, 2024 |  | December 31, 2023
|  | Gross carrying value(2) |  | Allowance (1) |  | Net carrying value (2) |  | Gross carrying value |  | Allowance (1) |  | Net carrying value
Qarziba |  | $ | 105,329 |  |  | $ | (484) |  |  | $ | 104,845 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Agenus (Bot/Bal) |  | 40,815 |  |  | (408) |  |  | 40,407 |  |  | — |  |  | — |  |  | — |
Tolerance Therapeutics (Tzield) |  | 25,613 |  |  | (101) |  |  | 25,512 |  |  | 25,810 |  |  | (101) |  |  | 25,709 |
Ensifentrine inventors |  | 15,969 |  |  | (157) |  |  | 15,812 |  |  | — |  |  | — |  |  | — |
Elutia (CorMatrix) |  | 9,418 |  |  | (2,268) |  |  | 7,150 |  |  | 13,304 |  |  | (7,490) |  |  | 5,814 |
InvIOs |  | 1,238 |  |  | (62) |  |  | 1,176 |  |  | — |  |  | — |  |  | — |
Selexis |  | 205 |  |  | (58) |  |  | 147 |  |  | 940 |  |  | (179) |  |  | 761 |
Ovid (Soticlestat) |  | — |  |  | — |  |  | — |  |  | 30,310 |  |  | (303) |  |  | 30,007 |
Total financial royalty assets, net |  | $ | 198,587 |  |  | $ | (3,538) |  |  | $ | 195,049 |  |  | $ | 70,364 |  |  | $ | (8,073) |  |  | $ | 62,291 |
(1) The amounts of allowance include accumulated allowance for changes in expected cash flows and current expected credit losses. (2) The amounts include $10.0 million current portion of financial royalty assets which represents an estimation for current quarter royalty receipts that are collected during the subsequent quarter. This portion is presented in other current assets on our consolidated balance sheet as of December 31, 2024.

X
- Definition Schedule of Financial Royalty Assets + References No definition available. + Details
Name: | lgnd_ScheduleOfFinancialRoyaltyAssetsTableTextBlock
Namespace Prefix: | lgnd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration