- Business
- XTL Biopharmaceuticals Ltd. is an Israel-based biopharmaceutical company that acquires, in-licenses, and develops late-stage pharmaceutical product candidates addressing unmet clinical needs in autoimmune diseases and other therapeutic areas; its lead product candidate is hCDR1, a Phase II-ready peptide therapeutic under exclusive license from Yeda Research and Development Company Limited for the treatment of systemic lupus erythematosus and Sjogren’s syndrome; the pipeline also includes recombinant human erythropoietin (rHuEPO) for multiple myeloma and additional clinical-stage compounds identified through systematic validation processes. The company, formerly known as Xenograft Technologies Ltd., was founded in 1993 and is headquartered in Ramat Gan, Israel, with operations focused primarily in Israel and listed on the Nasdaq and Tel Aviv Stock Exchange under the ticker XTLB. In late 2024, XTL Biopharmaceuticals completed the acquisition of The Social Proxy Ltd., an AI-driven web data solutions provider, for $5.8 million in cash and shares, marking a strategic diversification into high-potential technology assets and funded by a $1.5 million private placement; this transaction amended prior terms amid disputes and positions the company to broaden its portfolio beyond biopharmaceuticals.