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BIOTECHNOLOGY VALUE FUND L P
> LGND
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2009 | LIGAND PHARMACEUTICALS INC | LGND | 11,300,486 | 0 | 24,522,055 | -4,181,180 | $2.17 |
| 08/24/2009 | LIGAND PHARMACEUTICALS INC | LGND | 11,300,486 | -5,814,779 | 28,703,234 | -18,192,592 | $2.54 |
| 12/31/2008 | LIGAND PHARMACEUTICALS INC | LGND | 17,115,265 | 17,115,265 | 46,895,826 | 46,895,826 | $2.74 |
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