Welcome to our dedicated page for XOMA Royalty Corporation news (Ticker: XOMAP), a resource for investors and traders seeking the latest updates and insights on XOMA Royalty Corporation stock.
XOMA Royalty Corporation’s 8.625% Series A Cumulative Perpetual Preferred Stock (Nasdaq: XOMAP) is backed by an issuer that regularly releases detailed updates on its royalty portfolio, corporate transactions, and preferred stock dividends. This news page aggregates coverage related to XOMAP through the lens of XOMA Royalty’s broader business activities as a biotechnology royalty aggregator.
Company press releases frequently describe new royalty and milestone acquisitions, amendments to existing collaborations, and completed takeovers of biotechnology firms. Examples include transactions involving Turnstone Biologics, HilleVax, LAVA Therapeutics, and Mural Oncology, as well as an amended royalty-sharing arrangement with Takeda related to mezagitamab and a basket of additional development-stage assets. These announcements provide context on how XOMA Royalty is expanding and diversifying the economic interests that underpin its capital structure, including its preferred shares.
Investors following XOMAP can also find recurring announcements of quarterly cash dividends authorized for holders of the Series A preferred stock, along with similar disclosures for the Series B preferred depositary shares. Financial result releases outline royalty and milestone receipts from commercial assets such as VABYSMO, OJEMDA, MIPLYFFA, XACIATO vaginal gel 2%, IXINITY, and DSUVIA, as well as updates on investigational compounds in the company’s milestone and royalty portfolio.
By reviewing the news associated with XOMAP and its issuer, readers can track developments in XOMA Royalty’s acquisition activity, portfolio composition, and preferred stock dividend practices. This page can be a useful reference for monitoring how new deals, partner progress, and capital allocation decisions may relate to the preferred securities over time.
XOMA (NASDAQ: XOMA) announced an $8.1 million milestone payment from Viracta Therapeutics. This is linked to Day One Biopharmaceuticals' sale of its Priority Review Voucher (PRV) for $108 million. OJEMDA™, the only approved therapy for relapsed or refractory BRAF-altered pediatric low-grade glioma (pLGG), has contributed to this milestone. XOMA's CEO, Owen Hughes, highlighted that the milestone has more than covered their initial $13.5 million investment made in March 2021. They expect future royalties from OJEMDA™ to enhance their royalty portfolio and generate sustainable cash flow.
XOMA , a biotech royalty aggregator listed on NASDAQ under the symbol 'XOMA', announced its participation in the H.C. Wainwright 2nd Annual Bioconnect Investor Conference. The event will take place at NASDAQ in New York on May 20, 2024.
CEO Owen Hughes and CIO Brad Sitko will represent XOMA in a fireside chat scheduled for 11:00 AM ET. The presentation can be accessed online via a provided link, and replays will be available on XOMA's investor relations website for 90 days post-event.
XOMA reported its first quarter 2024 financial results, earning a $9 million milestone with the FDA approval of OJEMDA™, gaining $9.5 million from Kinnate acquisition, expanding its portfolio, and initiating a $50 million stock repurchase program. The company also reported $1.5 million in total revenues for Q1 2024.
XOMA has acquired an economic interest in three women's health assets from Daré Bioscience, Inc., for $22 million upfront. The assets include XACIATO™ (clindamycin phosphate) vaginal gel, Ovaprene®, and Sildenafil Cream. XACIATO™ is FDA-approved for treating bacterial vaginosis, with commercial activities initiated by Organon in 2023. XOMA aims to create additional value for shareholders with these acquisitions.
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