XOMA (XOMA) Misses Q3 EPS by 40c

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XOMA Reports Third Quarter 2018 Financial Results

November 7, 2018 7:00 AM EST

EMERYVILLE, Calif., Nov. 07, 2018 (GLOBE NEWSWIRE) -- XOMA Corporation (Nasdaq: XOMA), a biotechnology royalty aggregator, today announced its third quarter 2018 financial results. 

The third quarter of 2018 was exciting for XOMA, as we completed our first royalty and milestone acquisition under our royalty aggregator business model.  The transaction increased our portfolio of fully funded assets to 45 and met each characteristic we established for the assets we intend to acquire:  (a) therapeutic at pre-commercial stage, (b) long duration of potential royalty term, (c) being advanced by a strong partner.  We continue to assess royalty... More