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XOMA Royalty Corporation acquires Pulmokine Inc. for $20 Million to add Seralutinib, a Phase 3 Asset, to its Portfolio

TAKEN PRIVATEDec 02, 2024

Acquiring Company

XOMA Royalty Corporation

Acquired Company

Pulmokine

BerkeleyRensselaerBiotechnologyHealth CareBiotechnologyHealth Care

Description

XOMA Royalty Corporation, a biotechnology royalty aggregator, has completed the acquisition of Pulmokine Inc. for $20 million. This acquisition adds Seralutinib, a Phase 3 asset being studied in pulmonary arterial hypertension (PAH), to XOMA Royalty's portfolio, reinforcing its commitment to helping biotech companies achieve their goal of improving human health.

Quick answer

XOMA Royalty Corporation is acquiring Pulmokine for $20 million, announced December 2, 2024. XOMA Royalty Corporation is based in Berkeley, California, United States.

How much did XOMA Royalty Corporation pay for Pulmokine?
The reported deal value is $20 million.
What does XOMA Royalty Corporation do?
XOMA Royalty Corporation is a biotechnology royalty aggregator playing a distinctive role in helping biotech companies achieve their goal of improving human health.
Where are XOMA Royalty Corporation and Pulmokine based?
XOMA Royalty Corporation is based in Berkeley, California, United States. Pulmokine is based in Rensselaer, New York, United States.
Who are the decision-makers at XOMA Royalty Corporation?
Fundz holds 3 contacts at XOMA Royalty Corporation. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

XOMA Royalty Corporation

Location

Berkeley, California, United States

About

XOMA Royalty Corporation 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. The company has an extensive and growing portfolio of assets.

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Frequently asked

Who acquired Pulmokine?

Pulmokine was acquired by XOMA Royalty Corporation, based in Berkeley. The deal was reported on December 2, 2024. XOMA Royalty Corporation is a biotechnology royalty aggregator playing a distinctive role in helping biotech companies achieve their goal of improving human health. XOMA Royalty Corporation is privately held and operates in Biotechnology.

When did XOMA Royalty Corporation acquire Pulmokine?

XOMA Royalty Corporation's acquisition of Pulmokine was reported on December 2, 2024. XOMA Royalty Corporation, a biotechnology royalty aggregator, has completed the acquisition of Pulmokine Inc. for $20 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pulmokine do?

Pulmokine Inc. is a privately held company that has developed seralutinib, a Phase 3 asset being studied in pulmonary arterial hypertension (PAH). It is privately held, operating in Biotechnology, and is based in Rensselaer.

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