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Novo Nordisk acquires exclusive global rights to XMetA program for the treatment of diabetes
December 1, 2015
By: Tim Wright
Editor-in-Chief, Contract Pharma
XOMA Corporation has licensed the global development and commercialization rights to its XMetA program of allosteric monoclonal antibodies that up-regulate the insulin receptor to Novo Nordisk. XOMA retains commercialization rights for rare disease indications. Novo Nordisk has an option to add these additional rights in rare diseases to its license. XOMA will receive $5 million in an upfront payment, and the agreement includes up to $290 million in additional milestones. XOMA is also eligible t...
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