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In biochemistry and pharmacology, a ligand is a substance that forms a complex with a biomolecule to serve a biological purpose.
Ligands include:
Substrates
Inhibitors
Activators
Signaling lipids
Neurotransmitters
A ligand that can bind to and alter the function of the receptor that triggers a physiological response is called a receptor agonist.
Ligands that bind to a receptor but fail to activate the physiological response are receptor antagonists.