XOMA Added to the Russell 2000® and Russell 3000® Indexes
26 Juni 2018 - 1:00PM
XOMA Corporation (Nasdaq:XOMA), a pioneer in the discovery,
development and licensing of therapeutic antibodies, today
announced the Company has been added to the Russell 2000® and
Russell 3000® Indexes following the annual reconstitution, which
took effect after the U.S. market closed on June 22, 2018.
“We believe XOMA’s addition to these Russell indexes will
enhance our visibility in the investment community and broaden our
shareholder base,” stated Jim Neal, Chief Executive Officer at
XOMA.
The Russell 3000® Index is a market capitalization-weighted
equity index that tracks the performance of the largest 3,000 U.S.
stocks. The Russell 2000® Index measures the performance of the
small-cap segment of the U.S. equity market and is a subset of the
Russell 3000® Index. Inclusion in the Russell 2000® Index results
in automatic inclusion in the appropriate growth and value style
indexes. Russell U.S. Indexes are widely used by investment
managers and institutional investors as the basis for index funds
and as benchmarks for investment strategies.
About XOMA Corporation
XOMA has built a portfolio of over two dozen products that are
licensed to and being developed by other biotech and pharmaceutical
companies. The Company’s portfolio of partner-funded programs spans
multiple stages of the drug development process and across various
therapeutic areas. Many of these licenses are the result of XOMA’s
pioneering efforts in the discovery and development of antibody
therapeutics. The Company’s royalty-aggregator business model
includes acquiring additional licenses to partner-funded programs.
XOMA’s license portfolio has the potential to generate significant
milestone payments and royalty revenue in the future. For more
information, visit www.xoma.com.
Forward-Looking Statements
Certain statements contained in this press release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including statements regarding the potential of XOMA’s
portfolio of partnered programs and licensed technologies
generating substantial milestone and royalty proceeds over time.
These statements are based on assumptions that may not prove
accurate, and actual results could differ materially from those
anticipated due to certain risks inherent in the biotechnology
industry, including those related to the fact that our product
candidates subject to out-license agreements are still being
developed, and our licensees’ may require substantial funds to
continue development which may not be available; we do not know
whether there will be, or will continue to be, a viable market for
the products in which we have an ownership or royalty interest; we
may not be successful in entering into out-license agreements for
our product candidates; if our therapeutic product candidates do
not receive regulatory approval, our third-party licensees will not
be able to manufacture and market them. Other potential risks to
XOMA meeting these expectations are described in more detail in
XOMA's most recent filing on Form 10-K and in other SEC filings.
Consider such risks carefully when considering XOMA's prospects.
Any forward-looking statement in this press release represents
XOMA's views only as of the date of this press release and should
not be relied upon as representing its views as of any subsequent
date. XOMA disclaims any obligation to update any forward-looking
statement, except as required by applicable law.
Investor contact:Luke HeagleW2O
pure+1 910-726-1372lheagle@w2ogroup.com
Media contact:Julie NormartW2O
pure+1 415-946-1087jnormart@w2ogroup.com
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