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Licensed asset advances into clinical development
May 19, 2017
By: Kristin Brooks
Managing Editor, Contract Pharma
XOMA Corp. has earned a $10 million milestone payment for the clinical advancement of an asset licensed to one of its pharmaceutical partners. Specific details were not disclosed. “Our corporate strategy is to drive shareholder value by combining revenue from our portfolio of collaborator-funded programs with a lean cost structure,” stated Jim Neal, Chief Executive Officer of XOMA. “This $10 million milestone payment is the first of a potential $40 million we could receive from our portfolio ...
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