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XOMA has built a diversified portfolio of over 120 milestone and royalty assets licensed to third-party biotech and pharma companies. The company receives milestone payments as partnered programs advance through clinical development and commercialization. Recent highlights include significant milestones from Novartis for NIS793 entering Phase III trials and the acquisition of additional economics in late-stage assets like mezagitamab[6][7]. In recent years, two partner NDAs were submitted to the FDA; commercial royalties are being received on marketed products such as VABYSMO® and DSUVIA®[8].
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