XOMA (XOMA) Misses Q4 EPS by 57c

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XOMA Reports Fourth Quarter and Full Year 2016 Financial Results

March 16, 2017 7:01 AM EDT

Actions taken in 2016 set the stage for reduced operating costs and capital requirements

In early 2017, Company established new strategic direction and value drivers

BERKELEY, Calif., March 16, 2017 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA), a pioneer in the discovery and development of therapeutic antibodies, today announced its fourth quarter and full year 2016 financial results, clinical development and operational highlights. 

Our key accomplishments in 2016 included monetizing certain license assets, reducing our operating costs, reducing our debt and appointing new leadership to reflect our changed strategy, stated Jim Neal,... More