XOMA Royalty to acquire cancer drug developer LAVA Therapeutics

20 hours ago 1
Wooden blocks with text M and A on light blue paper, business concept. MA - short for mergers and acquisitions

Biotech royalty aggregator XOMA Royalty (NASDAQ:XOMA) has agreed to acquire cancer drug developer LAVA Therapeutics (NASDAQ:LVTX) for $1.16 - $1.24 per share in cash, plus a contingent value right, the companies announced Monday.

As part of the agreement, LAVA (

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