# If LigaChem Biosciences moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/ligachem-biosciences · Facet: ripple · Updated: 2026-09-04T23:10:43.505657+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, LigaChem Biosciences is directly linked to 4 companies (1 supply, 2 revenue, 1 investment relationships) and reaches 10 companies within two hops; the links are backed by 9 dated sources, 5 of them primary filings (as of 2026-09-04).

LigaChem Biosciences operates across KOSDAQ, ADC biotech, ConjuAll licensing-out. After +60.5% in 2025, it gave back -54.7% in 2026. The supply side (avg -17.1%) has moved harder than the stock (-54.7%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Amgen (+36.3%) and the furthest behind is Samsung Biologics (-17.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. In 2024 PAN Orion (the Orion Group) became its largest shareholder.

## Demand chain (leading)
- T1 Johnson & Johnson (https://valuechain.wiki/johnson-johnson.md)
- T2 Cencora, Inc. (https://valuechain.wiki/cencora.md)
- T2 McKesson Corporation (https://valuechain.wiki/mckesson.md)
- T3 CVS Health (https://valuechain.wiki/cvs-health.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T2 Kenvue Inc. (https://valuechain.wiki/kenvue.md)
- T3 Costco Wholesale (https://valuechain.wiki/costco.md)
- T1 Amgen (https://valuechain.wiki/amgen.md)
- T2 Cardinal Health, Inc. (https://valuechain.wiki/cardinal-health.md)

## Supply chain (benefiting)
- T1 Samsung Biologics (https://valuechain.wiki/samsung-biologics.md)
- T2 Samsung E&A (https://valuechain.wiki/samsung-e-a.md)
- T3 Ecopro HN (https://valuechain.wiki/ecopro-hn.md)
- T2 Danaher Corporation (https://valuechain.wiki/danaher.md)
- T1 Orion (https://valuechain.wiki/orion.md)

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Full node: https://valuechain.wiki/ligachem-biosciences.md · JSON: https://valuechain.wiki/ligachem-biosciences.json