Ligand Pharmaceuticals reported Q4 2023 adjusted earnings of $1.05 per share, surpassing estimates, with revenues at $28.1M, down 44% due to no COVID-19 Captisol sales. Shares rose 19.9%. Royalty revenues increased to $22.5M, driven by key products. 2024 revenue guidance is $130-$142M, with adjusted EPS expected at $4.25-$4.75. FDA approved Zelsuvmi for molluscum contagiosum, set for 2024 launch.