Liana Moussatos's questions to XOMA Royalty (XOMA) leadership • Q4 2016
Question
Liana Moussatos of Wedbush Securities inquired about XOMA's clinical development strategy for its preclinical programs, asking if they would be advanced to proof of concept before out-licensing. She also requested a theoretical example of a future acquisition of a fully-funded program.
Answer
CEO Jim Neal explained that while decisions are made case-by-case, the company's intention is to out-license preclinical assets early rather than investing in clinical development. Regarding acquisitions, Neal clarified this is a future strategy, contingent on the company becoming cash-flow positive. The immediate priority is out-licensing XOMA's current proprietary assets.