Pelthos Therapeutics Forms After Merger, Secures $50.1m in Equity Capital
ByAinvest
Thursday, Jul 3, 2025 7:42 am ET1min read
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Ligand Pharmaceuticals' subsidiary LNHC has merged with Channel Therapeutics' CHRO Merger Sub to form Pelthos Therapeutics (PTHS). Pelthos secured $50.1m in equity capital and will launch and commercialize Zelsuvmi topical gel for molluscum contagiosum infections. Ligand will receive a 13% royalty on global net sales of Zelsuvmi. Pelthos plans to assess potential directions for Channel's NaV 1.7 development programs for chronic pain and other conditions.
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