Biopharma royalty aggregation
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Ligand Bets On Royalty Growth With XOMA Buyout Worth Over $700 Million
Benzinga· 2026-04-28 01:18
Ligand Expands Portfolio With XOMA Royalty AcquisitionThis move is expected to bolster Ligand’s long-term growth, adding new commercial products and enhancing its position as a leading biopharma royalty aggregator.Deal consideration includes $39.00 per share in cash, for a total equity value of approximately $739 million.XOMA Royalty stockholders are expected to separately receive one non-transferable Contingent Value Right per share entitling the holder to receive a portion of 75% of the net proceeds that ...