Agenus (AGEN) to Acquire XOMA's (XOMA) Biologics Manufacturing Facilities
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XOMA Announces the Sale of Its Manufacturing Facilities to Agenus
November 5, 2015 4:10 PM ESTBERKELEY, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA), a leader in the discovery and development of therapeutic antibodies, announced today it has agreed to sell its biologics manufacturing facilities, equipment, and associated real estate to Agenus Inc. (Nasdaq: AGEN). The transaction is expected to close in December 2015. In conjunction with the transaction, Agenus will offer employment to a select team of XOMA employees currently operating the facilities and may provide small-scale manufacturing services for XOMA in the future.
"We welcome Agenus as our neighbor and our... More
XOMA Provides Corporate Update and Reports Financial Results for Third Quarter 2015
November 5, 2015 4:01 PM ESTBERKELEY, Calif., Nov. 5, 2015 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA), a leader in the discovery and development of therapeutic antibodies, today provided a corporate update and reported its financial results for the quarter ended September 30, 2015.
"One hundred days ago, we announced multiple actions we would take in order to firmly position XOMA as an endocrine company, and we've executed on all of them," commented John Varian, Chief Executive Officer of XOMA. "First, we raised $37 million in non-dilutive capital by licensing our TGF beta antibody program to Novartis. Second, we deferred the near-term debt... More
