XOMA Royalty to be Acquired by Ligand Pharmaceuticals for $39 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
0mins
XOMA Royalty Corporation's stock rose by 9.31% as it crossed above the 5-day SMA, reflecting positive investor sentiment amid acquisition news.
XOMA is set to be acquired by Ligand Pharmaceuticals for $39.00 per share, totaling approximately $739 million. This acquisition has garnered attention from multiple law firms investigating the fairness of the deal, as the offer is below XOMA's 52-week high of $42.38, raising concerns among shareholders about potential breaches of fiduciary duties. The investigations aim to ensure that shareholder interests are protected during this transaction.
The acquisition is expected to close in Q3 2026 and is anticipated to be immediately accretive to Ligand's earnings, indicating strong confidence in future growth. However, the scrutiny from legal investigations may impact shareholder sentiment and the overall perception of the deal.
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Analyst Views on XOMA
Wall Street analysts forecast XOMA stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 41.720
Low
50.00
Averages
71.00
High
97.00
Current: 41.720
Low
50.00
Averages
71.00
High
97.00
About XOMA
XOMA Royalty Corporation is a biotechnology royalty aggregator. The Company’s royalty aggregator business is primarily focused on early to mid-stage clinical assets, primarily in Phase I and II, with significant commercial sales potential that are licensed to funded partners. The Company has a portfolio of economic rights and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. The Company's commercial assets include OJEMDA (tovorafenib), IXINITY, XACIATO, VABYSMO (faricimab svoa), DSUVIA (sufentanil sublingual tablet), and MIPLYFFA (arimoclomol). Its Phase III assets include Rilvegostomig (AZD2936), Ficlatuzumab (AV-299), Ovaprene, D-Fi (FCX-007), Seralutinib, Cetrelimab (JNJ-63723283), Ersodetug (RZ358), and Mezagitamab (TAK-079). Its Phase II assets include Acimtamig (AFM13), AFM24, Vosaroxin, Aldoxorubicin, G03-52-01, PBF-680, PBF-677, Vidutolimod (CMP-001), and RZ-402. Its others assets include COM902 and MT-0169.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Merger Progress: The redemption is linked to the pending merger with Flex Merger Sub, Inc., indicating that the company is actively pursuing strategic integration that may enhance its competitive position in the market.
- Additional Rights Distribution: XOMA will also distribute contingent value rights to common stockholders on July 13, 2026, further enhancing shareholder value and demonstrating strategic considerations in the merger process.
See More
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- Shareholder Rights: Shareholders are encouraged to contact Halper Sadeh LLC to discuss their rights and options, with the firm offering to handle matters on a contingent fee basis, emphasizing its commitment to protecting shareholder interests.
- Potential Benefits: The investigation may lead to increased consideration or additional disclosures for shareholders, indicating Halper Sadeh LLC's dedication to securing better financial outcomes and transparency for investors.
- Legal Advocacy: Halper Sadeh LLC represents investors globally, focusing on securities fraud and corporate misconduct cases, having successfully recovered millions for defrauded investors, showcasing its expertise in safeguarding investor rights.
See More
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- Caesars Entertainment Transaction: In the deal with Fertitta Gaming Holdco, Caesars shareholders are anticipated to receive $31.00 per share in cash along with a ticking consideration, which could enhance shareholder returns over time.
- XOMA Shareholder Gains: XOMA Royalty Corporation's sale to Ligand Pharmaceuticals will see shareholders receiving $39.00 per share in cash, offering a clear and immediate financial benefit to investors.
- Avanos Medical Acquisition: Avanos Medical, Inc. is set to provide shareholders with $25.00 per share in cash from its sale to American Industrial Partners, with a shareholder vote scheduled for July 22, 2026, to finalize the transaction.
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- Potential Violations: The sale of XOMA Royalty Corporation (NASDAQ: XOMA) to Ligand Pharmaceuticals Incorporated for $39.00 per share is also under scrutiny, as it may limit superior competing offers, thereby harming shareholder interests.
- Legal Rights: LiveRamp Holdings, Inc. (NYSE: RAMP) is being sold to Publicis Groupe for $38.50 per share, and Halper Sadeh LLC encourages shareholders to reach out to understand their legal rights and options to ensure their interests are protected.
- Shareholder Protection: The transaction involving Taylor Morrison Home Corporation (NYSE: TMHC) selling to Berkshire Hathaway Inc. for $72.50 per common share in cash may lead Halper Sadeh LLC to seek increased compensation and additional disclosures to safeguard shareholder rights.
See More
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- Shareholder Rights Protection: The law firm encourages shareholders to contact them to discuss their rights and options, promising to provide legal services on a contingency fee basis, aiming to secure higher transaction prices and additional disclosures for affected investors, thereby enhancing legal protections for shareholders.
- Potential Impact: The investigation may lead to a reassessment of transaction terms, particularly those that could limit superior competing offers, and if successful, could yield greater financial benefits for shareholders, reflecting a commitment to corporate governance and transparency.
- Legal Service Commitment: Halper Sadeh LLC states it will represent investors globally in seeking legal remedies, having previously recovered millions for victims of securities fraud, showcasing its expertise and influence in addressing corporate misconduct.
See More
