LIGAND PHARMACEUTICALS INC

Ticker: LGND CUSIP: 53220K504 Class: Common Stock

Rhenman & Partners Asset Management AB's Holding History (CIK: 0001599882)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 39,000 Value ($000) $3,007 Avg Close $38.31 Range $30.97 - $49.66

Q4 2014

Shares 39,000 Value ($000) $2,075 Avg Close $32.53 Range $26.19 - $36.48

Q3 2014

Shares 39,000 Value ($000) $1,833 Avg Close $33.19 Range $28.90 - $40.96

Q2 2014

Shares 42,000 Value ($000) $2,616 Avg Close $40.58 Range $34.87 - $44.57

Q1 2014

Shares 39,567 Value ($000) $2,661 Avg Close $41.68 Range $31.65 - $50.17

Q4 2013

Shares 38,000 Value ($000) $1,999 Avg Close $32.58 Range $26.95 - $36.48

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	39,000	$3,007	$38.31	$30.97 - $49.66
Q4 2014	39,000	$2,075	$32.53	$26.19 - $36.48
Q3 2014	39,000	$1,833	$33.19	$28.90 - $40.96
Q2 2014	42,000	$2,616	$40.58	$34.87 - $44.57
Q1 2014	39,567	$2,661	$41.68	$31.65 - $50.17
Q4 2013	38,000	$1,999	$32.58	$26.95 - $36.48