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XOMA - XOMA gets milestone payment from Janssen Biotech
XOMA Corporation
XOMA (XOMA) announces that it has earned a $0.5M milestone payment from Janssen Biotech, as a result of the first patient dosed in a Phase 3 clinical trial evaluating one of Janssen’s biologic products.Under the terms of the agreement, XOMA has the potential to receive additional regulatory milestone payments should Janssen achieve marketing approval.Upon commercialization, it will also receive a royalty on future sales.