Clinical TrialsThere is risk to seralutinib's Phase III success despite the ongoing trial's design adjustments.
EarningsXOMA announced 3Q24 results, posting EPS of ($1.59) vs. an estimate of ($0.50); the discrepancy came from a one-time non-cash charge of $14 million from the return of assets from the Agenus deal in 2015.
Financial Performance3Q24 GAAP EPS of -$1.59 was below the consensus of -$0.44, due to a $14M non-cash impairment charge related to the 2017 Agenus royalty acquisition.