Ligand Pharmaceuticals Gets $10M In Credit Facility

San Diego-based Ligand Pharmaceuticals, a biopharmaceuticals firm, has raised $10M in a credit facility from Square 1 Bank. Square 1 said the $10M included an initial $5M in credit secured in March, which was increased by another $5M in April. Ligand did not say what it intends to do with the credit line.