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Stock impact report

XOMA Corp (XOMA) Reports Mixed Financial Results for Q4 and Full Year 2023 [Yahoo! Finance]

Kinnate Biopharma Inc. (KNTE) 
Company Research Source: Yahoo! Finance
Net Loss: The company reported a net loss of $20.1 million for Q4 and $40.8 million for the full year. Cash Position: As of December 31, 2023, XOMA had cash and cash equivalents of $159.6 million. Impairment Charges: XOMA recorded $15.8 million in impairment charges due to discontinued operations and terminated agreements. Upcoming Events: Potential FDA action dates for tovorafenib and arimoclomol NDAs in 2024 could impact future revenues. Stock Repurchase Program: XOMA announced a stock repurchase program of up to $50 million through January 2027. Acquisitions: XOMA acquired economic interest in DSUVIA and announced the intention to acquire Kinnate Biopharma. Warning! GuruFocus has detected 6 Warning Signs with XOMA. On March 8, 2024, XOMA Corp ( NASDAQ:XOMA ) released its 8-K filing , detailing the financial results for the fourth quarter and full year of 2023. XOMA, a biotechnology royalty aggregator, is known for acquiring future economic rights associated with pre- Show less Read more
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