XBiotech Move To Out-Licence Next Generation Antibody Brings In Substantial Cash For Pipeline Expansion [Seeking Alpha]
XBiotech Inc. (XBIT)
Last xbiotech inc. earnings: 8/9 03:01 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Summary XBiotech enters into out-licensing agreement for $1.35 billion whereby it will provide its drug Bermekimab for use by Johnson & Johnson for dermatological indications. Ability to license out drug was on the basis of the unique aspect of its True Human technology platform which clones human antibody possessed by individual donors with natural immunity. Bermekimab is fully funded by U.K. Medical Research Council for a phase 2 study treating several types of advanced cancers such as ovarian, pancreatic and lung. At least $750 million is being provided as an upfront payment to XBiotech as part of the deal, but is eligible for an additional $600 million based on reaching certain milestones. XBIT announced a massive out-licensing deal worth $1.35 billion JNJ Massive Deal On The Basis Of A Highly Promising Type Of nology This is a very good deal for XBiotech, because it offloads its monoclonal antibody to J&J for two dermatology products noted above. Atopic Dermatitis is a large oppo
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News
- XBiotech Inc.'s (NASDAQ:XBIT) top owners are retail investors with 44% stake, while 44% is held by insiders [Yahoo! Finance]Yahoo! Finance
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
XBIT
Sec Filings
- 3/15/24 - Form 10-K
- 2/7/24 - Form SC
- 2/7/24 - Form SC
- XBIT's page on the SEC website