XOMA Royalty Declares Quarterly Preferred Stock Dividends
September 23 2024 - 5:30AM
XOMA Royalty Corporation (Nasdaq: XOMA) (“XOMA” or the “Company”)
today announced its Board of Directors has authorized the following
cash dividends to holders of XOMA’s Series A and Series B
Cumulative Preferred Stock:
Holders of the 8.625% Series A Cumulative Perpetual Preferred
Stock (Nasdaq: XOMAP) shall receive a cash dividend equal to
$0.53906 per share.
Holders of depositary shares, each representing 1/1000 of a
share of XOMA’s 8.375% Series B Cumulative Perpetual Preferred
Stock (Nasdaq: XOMAO), shall receive a cash dividend equal to
$0.52344 per depositary share.
The preferred dividends will be paid on or about October 15,
2024, to respective holders of record at the close of business on
October 3, 2024.
About XOMA Royalty CorporationXOMA Royalty is a
biotechnology royalty aggregator playing a distinctive role in
helping biotech companies achieve their goal of improving human
health. XOMA Royalty acquires the potential future economics
associated with pre-commercial therapeutic candidates and
commercial assets that have been licensed to pharmaceutical or
biotechnology companies. When XOMA Royalty acquires the
future economics, the seller receives non-dilutive, non-recourse
funding they can use to advance their internal drug candidate(s) or
for general corporate purposes. The Company has an extensive
and growing portfolio with more than 70 assets (asset defined as
the right to receive potential future economics associated with the
advancement of an underlying therapeutic candidate). For more
information about the Company and its portfolio, please visit
www.xoma.com or follow XOMA Royalty Corporation on
LinkedIn.
EXPLANATORY NOTE: Any references to “portfolio” in this press
release refer strictly to milestone and/or royalty rights
associated with a basket of drug products in development. Any
references to “assets” in this press release refer strictly to
milestone and/or royalty rights associated with individual drug
products in development.
As of the date of this press release, the commercial assets in
XOMA Royalty’s milestone and royalty portfolio are VABYSMO®
(faricimab-svoa), OJEMDA™ (tovorafenib), MIPLYFFA™ (arimoclomol),
XACIATO™ (clindamycin phosphate) vaginal gel 2%, IXINITY®
[coagulation factor IX (recombinant)], and DSUVIA® (sufentanil
sublingual tablet). All other assets in the milestone and
royalty portfolio are investigational compounds. Efficacy and
safety have not been established. There is no guarantee that
any of the investigational compounds will become commercially
available.
Investor ContactJuliane SnowdenXOMA Royalty
Corporation+1 646-438-9754juliane.snowden@xoma.com |
Media
ContactKathy VincentKV Consulting & Management+1
310-403-8951kathy@kathyvincent.com |
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