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XOMA Corporation (NASDAQ: XOMA) is a biotechnology royalty aggregator that acquires future economic rights associated with pre-commercial therapeutic candidates licensed to pharmaceutical or biotech companies. The company has a diverse portfolio of assets, including XACIATO™ for bacterial vaginosis treatment and OJEMDA™ for pediatric low-grade glioma treatment. XOMA's recent acquisitions from Daré Bioscience and Day One Biopharmaceuticals have expanded its commercial assets and potential royalties. With a strategic approach to capital deployment and a focus on driving sustainable free cash flow, XOMA aims to contribute to improving human health through innovative therapies.
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XOMA Corporation (NASDAQ: XOMA) announced that the FDA has accepted Zevra Therapeutics' New Drug Application for arimoclomol, a first-in-class therapy for Niemann-Pick disease type C (NPC), with a PDUFA target action date of June 21, 2024. XOMA will make a $1 million milestone payment to LadRx based on the FDA's acceptance. The company previously paid LadRx a $5 million upfront payment and acquired a mid-single digit royalty on arimoclomol's commercial sales, with potential milestone payments of up to $52.6 million, net, from Zevra. The transaction also included a royalty rate on commercial sales of aldoxorubicin and potential payments of up to $343 million in development and commercial milestones from ImmunityBio.
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XOMA Corporation (XOMA) announced the appointment of Owen Hughes as Chief Executive Officer and Jack L. Wyszomierski as Chairman of the Board. Hughes has been serving as XOMA's Executive Chairman and Interim CEO since January 1, 2023. The Board aims to establish XOMA as a premier biotech royalty aggregator, focusing on accelerating growth and maximizing value for stockholders. The company's growing cash receipts and maturing portfolio reflect significant inflection points within its established royalty and milestone acquisition strategy. XOMA also boasts the largest cash balance in its history.
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XOMA Corporation (Nasdaq: XOMA) announces its first stock repurchase program, authorizing the purchase of up to $50 million of common stock through January 2027. The company aims to maximize shareholder value through prudent capital allocation, leveraging future cashflow streams of its growing royalty portfolio to generate superior risk-adjusted, non-correlated returns for investors.
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XOMA Corporation (Nasdaq: XOMA) announced cash dividends for its Series A and Series B Cumulative Preferred Stock. Holders of the 8.625% Series A Cumulative Perpetual Preferred Stock (Nasdaq: XOMAP) will receive a cash dividend of $0.53906 per share, while holders of depositary shares for XOMA’s 8.375% Series B Cumulative Perpetual Preferred Stock (Nasdaq: XOMAO) will receive a cash dividend of $0.52344 per depositary share.
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XOMA Corporation (Nasdaq: XOMA) secures $140 million non-dilutive, non-recourse, royalty-backed loan from Blue Owl Capital Inc. (NYSE: OWL) to fund stock repurchases and additional royalty and milestone acquisitions. The loan is repayable over a 15-year period at a fixed interest rate of 9.875% per year, with the option to draw an additional $10 million based on VABYSMO® (faricimab) sales. XOMA has also issued warrants to purchase up to 120,000 shares of its common stock to Blue Owl at implied premiums of 122%, 170%, and 217% to the closing stock price.
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XOMA Corporation reported $6.6 million in cash receipts, a NDA filing, and anticipated Phase 3 program initiation, with third-quarter 2023 revenues of $0.8 million and G&A expenses of $6.4 million. The company received a $4.9 million cash payment from Roche and earned a $5 million milestone related to the FDA's acceptance of Day One Biopharmaceuticals' NDA for tovorafenib.
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XOMA Corporation announces earning a $5 million milestone for the FDA acceptance of Day One Biopharmaceuticals' New Drug Application (NDA) for tovorafenib as a monotherapy for relapsed or progressive pediatric low-grade glioma (pLGG). The FDA has granted Priority Review and set a PDUFA date of April 30, 2024.
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XOMA Corporation announces cash dividends for Series A and Series B Cumulative Preferred Stock
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XOMA Corporation to present company update at H.C. Wainwright Conference
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FAQ
What is the current stock price of XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP)?
The current stock price of XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP) is $25.9 as of December 23, 2024.
What does XOMA Corporation do?
XOMA is a biotechnology royalty aggregator that acquires future economic rights associated with pre-commercial therapeutic candidates licensed to pharmaceutical or biotech companies.
What are some of XOMA's recent achievements?
Recent achievements include acquiring economic interests in XACIATO™ for bacterial vaginosis treatment, OJEMDA™ for pediatric low-grade glioma treatment, and commercial assets from Daré Bioscience and Day One Biopharmaceuticals.
How does XOMA drive sustainable free cash flow?
XOMA focuses on a disciplined approach to capital deployment, strategic acquisitions, and expanding its portfolio of commercial assets and potential royalties to drive sustainable free cash flow.
What is XOMA's role in the biotech industry?
XOMA plays a distinctive role in helping biotech companies improve human health by acquiring future economic rights associated with innovative therapeutic candidates and contributing to the development of new therapies.
XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock