other material
confidence high
sentiment negative
materiality 0.65
Novartis discontinues development of XOMA-licensed NIS793 anti-TGFß antibody
XOMA Royalty Corp
- On Aug 25, 2023, Novartis notified XOMA it will stop development of NIS793 (anti-TGFß monoclonal antibody).
- Novartis will cease enrolling patients in remaining active TGFß clinical studies and collect final data.
- XOMA licensed NIS793 to Novartis in September 2015; no milestones or royalties mentioned in the filing.
- NIS793 is investigational; efficacy/safety not established and no guarantee of commercial availability.