08:37 AM EDT, 06/12/2024 (MT Newswires) -- XOMA ( XOMA ) said Wednesday it has received an $8.1 million milestone payment related to the sale by Day One Biopharmaceuticals ( DAWN ) of its Priority Review Voucher to an undisclosed buyer for $108 million.
XOMA ( XOMA ) said it received the payment from Viracta Therapeutics ( VIRX ) , to which it paid $13.5 million in March 2021 to acquire up to $54 million in potential milestones and mid-single digit royalties associated with cancer drug Ojemda and economics associated with vosaroxin.
XOMA ( XOMA ) Chief Executive Owen Hughes said the company expects future royalties on Ojemda to add to a portfolio of royalty receipts that will support the company's free cash flow generation.