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BRIEF-Xoma announces up to $22 mln generated from sale of Royalty Streams
December 21, 2016 / 10:31 PM / 9 months ago

BRIEF-Xoma announces up to $22 mln generated from sale of Royalty Streams

Dec 21 (Reuters) - Xoma Corp

* Company is concentrating its investments on clinical development, with an initial focus on Xoma 358 clinical programs

* Jim Neal named CEO and joins board of directors, replacing John Varian who retires but remains a member of board of directors

* To reflect narrowed corporate focus on Xoma 358 clinical programs, company will reduce its headcount by 57 positions

* Xoma announces up to $22 million generated from sale of Royalty Streams from two license agreements to Healthcare Royalty Partners and provides corporate update Source text for Eikon: Further company coverage:

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