M&A
confidence high
sentiment neutral
materiality 0.75
XOMA files Pulmokine financials for $20M cash acquisition closed Nov 26, 2024
XOMA Royalty Corp
- XOMA acquired Pulmokine for $20M cash at closing; historical audited and unaudited financials filed.
- Pulmokine 2023 revenue $10M (milestone) and net income $7.95M; cash $708K at year-end.
- Pro forma condensed combined balance sheet and income statements filed as Exhibit 99.4.
- Pulmokine is a biopharma developing inhaled PDGFR inhibitor for pulmonary arterial hypertension.
- Exhibits include audited FY2023, unaudited 9M2024 financials, and independent auditor consent.