UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
On May 30, 2024, Day One Biopharmaceuticals announced the sale of a priority review voucher (the “PRV”) for $108 million. The PRV was awarded to Day One following approval by the U.S. Food and Drug Administration of OJEMDA (tovorafenib). As previously disclosed, in March 2021, XOMA Corporation (the “Company”) acquired from Viracta Therapeutics the right to receive potential milestones and mid-single digit royalties associated with tovorafenib, plus a share of potential event-based economics. Pursuant to this agreement, the Company is entitled to receive from Viracta $8,100,000, representing a portion of the PRV sale proceeds payable by Day One to Viracta.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
XOMA CORPORATION | ||||||
Date: May 30, 2024 | By: | /s/ THOMAS BURNS | ||||
Thomas Burns | ||||||
Senior Vice President, Finance and Chief Financial Officer |