Xencor: Better Funding For Obexelimab
Xencor’s settlement with Alexion improved its financial runway, which the excerpt says should extend through obexelimab’s FDA PDUFA decision for IgG4-related disease. Obexelimab is partnered, so Xencor would receive royalties and milestones.
Why it matters — The improved runway and potential partnered-asset payments are relevant to Xencor’s funding outlook and pipeline progress.