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XOMA CORPORATION

(XOMA)
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XOMA Gets Orphan Drug Designation for Pancreatic Cancer Treatment

07/28/2021 | 07:42am EDT

By Chris Wack

XOMA Corp. said its NIS793 in combination with standard of care chemotherapy has been granted Orphan Drug Designation in pancreatic cancer by the U.S. Food and Drug Administration.

The company said NIS793 is a potential first in class novel antibody specific for transforming growth factor beta.

An Orphan Drug Designation grants special status to a drug that treats a rare disease or condition and provides companies certain benefits to encourage the continued development of medicines that bring novel solutions to patients with these severe diseases.

Under the terms of a 2015 agreement between XOMA and Novartis AG, XOMA has the potential to earn up to $445 million in additional milestone payments. Upon receipt of regulatory approval to commercialize NIS793, XOMA will receive tiered royalties on any net product sales that range from the mid-single digits to the low double digits.

XOMA shares were up 15% to $38.50 in premarket trading.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

07-28-21 0942ET

All news about XOMA CORPORATION
09/20XOMA Declares Quarterly Preferred Stock Dividends
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09/13XOMA : to Present at H.C. Wainwright 23rd Annual Global Investment Conference
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09/09XOMA : Aegis Capital Adjusts XOMA Price Target to $56 From $60, Maintains Buy Rating
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09/08NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
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09/07XOMA : Wedbush Downgrades XOMA to Neutral From Outperform, Adjusts PT to $22 From $41
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09/02XOMA CORP : Other Events (form 8-K)
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08/11EQS-ADHOC : Kuros Biosciences Reports Results for First Half 2021
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08/10XOMA : Departure of Directors or Certain Officers; Election of Directors; Appointment of C..
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08/10XOMA CORP : Change in Directors or Principal Officers (form 8-K)
AQ
08/10XOMA : Announces Heather L. Franklin Joins its Board of Directors
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More news
Analyst Recommendations on XOMA CORPORATION
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Financials (USD)
Sales 2021 9,96 M - -
Net income 2021 -11,7 M - -
Net Debt 2021 - - -
P/E ratio 2021 -23,6x
Yield 2021 -
Capitalization 270 M 270 M -
Capi. / Sales 2021 27,1x
Capi. / Sales 2022 20,6x
Nbr of Employees 11
Free-Float 94,6%
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Technical analysis trends XOMA CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 23,88 $
Average target price 44,67 $
Spread / Average Target 87,0%
EPS Revisions
Managers and Directors
James R. Neal Chief Executive Officer & Director
Thomas Burns Chief Financial Officer & Senior VP-Finance
W. Denman van Ness Chairman
Jack L. Wyszomierski Independent Director
Joseph M. Limber Independent Director
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