XOMA Royalty Declares Quarterly Preferred Stock Dividends
19 December 2024 - 11:30PM
XOMA Royalty Corporation (Nasdaq: XOMA) 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 January 15,
2025, to respective holders of record at the close of business on
January 3, 2025.
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 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
of assets (asset defined as the right to receive potential future
economics associated with the advancement of an underlying
therapeutic candidate). For more information about XOMA
Royalty and its portfolio, please visit www.xoma.com or follow the
Company on LinkedIn.
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 contact: |
Media contact: |
Juliane Snowden |
Kathy Vincent |
XOMA Royalty Corporation |
KV Consulting &
Management |
+1-646-438-9754 |
+1-310-403-8951 |
juliane.snowden@xoma.com |
kathy@kathyvincent.com |
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