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		<meta data-vue-meta="ssr" property="og:title" content="Ligand to Acquire Xoma, Including its Vabysmo Royalties, for $739 Million | Market Scope" data-vmid="og:title"><meta data-vue-meta="ssr" property="og:description" content="Jupiter, Florida-based Ligand Pharmaceuticals and Xoma Royalty Corporation, of Emeryville, California, announced April 27 that Ligand would acquire Xoma for $39 per share of common stock in cash, for a total equity value of approximately $739 million. Both companies are aggregators of royalties for pharmaceutical products and future royalties for candidates in development. Xoma said in its announcement that the deal adds over 120 commercial, clinical, and preclinical stage assets, led by Roch..." data-vmid="og:description"><meta data-vue-meta="ssr" property="og:url" content="//www.market-scope.com/pages/news/9128/ligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million" data-vmid="og:url"><meta data-vue-meta="ssr" property="og:type" content="article" data-vmid="og:type"><meta data-vue-meta="ssr" property="article:published_time" content="2026-05-01T00:00:00.000Z" data-vmid="article:published_time"><meta data-vue-meta="ssr" name="image" property="og:image" content="https://www.market-scope.com/files/uploads/images/2026/05/Ligand%20and%20Xoma%20logos.png" data-vmid="og:image"><meta data-vue-meta="ssr" name="author" content="Joan McKenna" data-vmid="author"><meta data-vue-meta="ssr" name="description" content="Jupiter, Florida-based Ligand Pharmaceuticals and Xoma Royalty Corporation, of Emeryville, California, announced April 27 that Ligand would acquire Xoma for ..." data-vmid="description">
		<title>Ligand to Acquire Xoma, Including its Vabysmo Royalties, for $739 Million | Market Scope</title>
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All Rights reserved.</p></footer></div> <!----> <!----> <!----></div> <div id="invisible-recaptcha" data-sitekey="6LcfrXEUAAAAAL8oovQG9EMVvWYIrcgcHP2eWtjb" class="g-recaptcha g-recaptcha--left g-recaptcha--mobile-hidden g-recaptcha--desktop-hidden"></div> <!----></div><script>window.__INITIAL_STATE__={"companyNames":[],"articles":[],"article":{"id":9128,"position":307,"enabled":1,"draft":0,"author_uid":332,"author_custom":"","title":"Ligand to Acquire Xoma, Including its Vabysmo Royalties, for $739 Million","slug_auto":"ligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million","slug_override":null,"slug_history":null,"meta_title":null,"content":"\u003Chtml\u003E\u003Cbody\u003E\u003Cp style=\"text-align:center\"\u003E\u003Cimg alt=\"Ligand to Acquire Xoma, Including its Vabysmo Royalties, for $739 Million\" height=\"377\" src=\"\u002Ffiles\u002Fuploads\u002Fimages\u002F2026\u002F05\u002FLigand%20and%20Xoma%20logos.png\" width=\"416\" class=\"img-thumbnail \"\u003E\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EJupiter, Florida-based Ligand Pharmaceuticals and Xoma Royalty Corporation, of Emeryville, California, announced April 27 that Ligand would acquire Xoma for $39 per share of common stock in cash, for a total equity value of approximately $739 million.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EBoth companies are aggregators of royalties for pharmaceutical products and future royalties for candidates in development.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EXoma said in its announcement that the deal adds over 120 commercial, clinical, and preclinical stage assets, led by Roche&rsquo;s Vabysmo, to Ligand&rsquo;s broad and growing royalty portfolio.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EIn October 2021, Xoma purchased a future stream of commercial payment rights to Roche&rsquo;s faricimab from Affitech for an upfront payment of $6 million. Xoma is eligible to receive 0.5 percent of net sales of faricimab for a 10-year period following the first commercial sales in each applicable jurisdiction.\u003C\u002Fp\u003E\r\n\r\n\u003Cp\u003EThe Ligand-Xoma transaction has been unanimously approved by both companies&rsquo; boards of directors.\u003C\u002Fp\u003E\r\n\u003C\u002Fbody\u003E\u003C\u002Fhtml\u003E\n","content_hub":null,"content_img_sources":["\u002Ffiles\u002Fuploads\u002Fimages\u002F2026\u002F05\u002FLigand%20and%20Xoma%20logos.png"],"share_img_filename":null,"preview_img_blurhash":"LJODwmt8~Wxt00V@bbWXMxf6RkWC","preview_img_width":416,"preview_img_height":377,"meta_description":null,"allowed_roles":"24","inherit_specialty_descendents":1,"rules":[],"publish_date":"2026-05-01","qdrant_id":null,"entities":[{"text":"Emeryville, California","type":"location"},{"text":"faricimab","type":"medication"},{"text":"Vabysmo","type":"medication"},{"text":"Xoma Royalty Corporation","type":"organization"},{"text":"Affitech","type":"organization"},{"text":"Ligand Pharmaceuticals","type":"organization"}],"landing_tags":[{"id":33,"namespace":null,"slug":"breaking","label":"Breaking","counter":5279,"created":"2018-09-26T07:21:07+00:00","modified":"2026-10-09T16:27:12+00:00","color":"#050a6d"},{"id":95,"namespace":null,"slug":"deals","label":"Deals","counter":828,"created":"2019-08-06T20:51:18+00:00","modified":"2026-10-09T15:33:12+00:00","color":"#70960f"},{"slug":"ophthalmic","label":"Ophthalmic","color":"#cebe10"},{"id":51,"namespace":null,"slug":"pharma","label":"Pharma","counter":1154,"created":"2018-09-26T21:10:16+00:00","modified":"2026-10-09T14:22:39+00:00","color":"#e516db"},{"id":89,"namespace":null,"slug":"retina","label":"Retina","counter":2184,"created":"2019-07-12T20:57:58+00:00","modified":"2026-10-09T15:33:12+00:00","color":"#02825d"}],"recommended_products":[{"id":586,"slug_override":null,"document_original_filename":"2026-Exudative-Retinal-Disease-Pharmaceutical-Market-Report.pdf","document_cover_filename":"2026 Exudative Retina Pharma Cover - 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Both companies are aggregators of royalties for pharmaceutical products and future royalties for candidates in development. Xoma said in its announcement that the deal adds over 120 commercial, clinical, and preclinical stage assets, led by Roch...","content_preview":"Jupiter, Florida-based Ligand Pharmaceuticals and Xoma Royalty Corporation, of Emeryville, California, announced April 27 that Ligand would acquire Xoma for $39 per share of common stock in cash, f...","adjusted_position":307,"slug":"ligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million","landing_tag_list":["Breaking","Deals","Ophthalmic","Pharma","Retina"]},"articleTags":[],"articlesTagLoading":null,"products":[],"product":null,"productTags":[],"productPageCount":0,"productsTagLoading":null,"searchQuery":"","invite":null,"campaign":null,"invisibleRecaptcha":{"token":null,"originComponent":null},"FLASH":{"success":null,"danger":null,"info":null,"warning":null},"route":{"name":"Article","path":"\u002Fpages\u002Fnews\u002F9128\u002Fligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million","hash":"","query":{},"params":{"id":"9128","slug":"ligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million"},"fullPath":"\u002Fpages\u002Fnews\u002F9128\u002Fligand-to-acquire-xoma-including-its-vabysmo-royalties-for-739-million","meta":{},"from":{"name":null,"path":"\u002F","hash":"","query":{},"params":{},"fullPath":"\u002F","meta":{}}}};(function(){var s;(s=document.currentScript||document.scripts[document.scripts.length-1]).parentNode.removeChild(s);}());</script><script src="/static/landing/js/entry-client.132917.js" defer></script>
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