Name | Value |
---|---|
Revenues | 11.1M |
Cost of Revenue | 0.0M |
Gross Profit | 11.1M |
Operating Expense | 12.2M |
Operating I/L | -1.1M |
Other Income/Expense | 26.1M |
Interest Income | 0.0M |
Pretax | 16.0M |
Income Tax Expense | 0.0M |
Net Income/Loss | 16.0M |
XOMA Corporation operates as a biotechnology royalty aggregator, acquiring the potential future economics associated with pre-commercial therapeutic candidates licensed to pharmaceutical or biotechnology companies. The company focuses on early to mid-stage clinical assets primarily in Phase 1 and 2 with commercial sales potential that are licensed to partners. It has a portfolio with approximately 70 assets, and it helps biotech companies enhance human health by providing financial support in exchange for future royalties from successful products.