Added to YB: 2026-06-29
Pitch date: 2026-06-25
XOMA [neutral]
XOMA Royalty Corporation
Author Info
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Company Info
XOMA Royalty Corporation operates as a biotech royalty aggregator in the United States, Switzerland, the Asia Pacific, and Australia.
Market Cap
$528.6M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
67.73
P/E
26.74
EV/Sales
12.10
Sector
Biotechnology
Category
special_situation
$XOMA: a cash takeout trading above the cash, because the lawsuit is the trade
XOMA (overview): Ligand's $39/sh all-cash buyout board-approved, votes July 13, closes Q3 2026. Stock ~$39.51, trading above cash—so you're buying the non-transferable CVR (75% of net proceeds from Janssen/TREMFYA litigation) at ~$0.50 implied. CVR binary, may pay nothing; busted deal leaves you underwater. Not a rec, just an exercise.
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