XOMA out-licenses XMetA program in diabetes to Novo Nordisk

1 December 2015

US drug developer XOMA Corp (Nasdaq: XOMA) has entered into a licensing deal with Danish diabetes care giant Novo Nordisk (NOV: N) for a diabetes program.

XOMA has exclusively licensed the global development and commercialization rights to its XMetA program of allosteric monoclonal antibodies that up-regulate the insulin receptor to Novo Nordisk. Under the terms of the accord, XOMA retains commercialization rights for rare disease indications. Novo Nordisk has an option to add these additional rights in rare diseases to its license.

Potential $295 million deal

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