- Business
- XOMA Royalty Corporation (NASDAQ: XOMA), formerly XOMA Corporation, operates as a biotechnology royalty aggregator that acquires economic rights to future milestone and royalty payments from pre-commercial clinical candidates and commercial therapies licensed to pharmaceutical and biotechnology partners; its portfolio encompasses over 120 such assets spanning multiple therapeutic areas and development stages, including commercial products like VABYSMO (faricimab-svoa) for neovascular age-related macular degeneration and diabetic macular edema, OJEMDA (tovorafenib), MIPLYFFA (arimoclomol), XACIATO (clindamycin phosphate vaginal gel 2%), IXINITY (coagulation factor IX recombinant), and DSUVIA (sufentanil sublingual tablet), as well as early- to mid-stage investigational candidates such as those from partners including Roche, Day One Biopharmaceuticals, Zevra Therapeutics, Rezolute, Gossamer Bio, and Takeda; the company targets development-stage assets with blockbuster potential from well-capitalized partners and royalties on therapies addressing specific patient populations, employing a portfolio approach to mitigate single-asset risk while operating a capital-efficient structure where partners bear all R&D costs. Founded in 1981 and headquartered in Emeryville, California, XOMA Royalty conducts its activities primarily in the United States, Asia Pacific, Europe, and Switzerland, providing non-dilutive, non-recourse funding to sellers for advancing drug candidates or general corporate purposes. Recent developments include the completion of acquisitions for Turnstone Biologics at $0.34 per share plus a contingent value right and HilleVax at $1.95 per share plus a contingent value right; announcements of acquisitions for LAVA Therapeutics, securing interests in partnered assets PF-08046052 (Pfizer) and JNJ-89853413 (Johnson & Johnson), and Mural Oncology at $2.035 to $2.24 per share expected in Q4 2025; acting as structuring agent for XenoTherapeutics' acquisition of ESSA Pharma; a financing arrangement raising up to $140 million with Blue Owl Capital to support repurchases and further acquisitions; and portfolio advancements such as Zevra Therapeutics' MAA submission for arimoclomol in Niemann-Pick Type C, Rezolute's Phase 3 topline data expectations, and Gossamer Bio's Phase 3 trial progress.