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Xbrane Eyes Positive Cash Flow In 2024 – But Out-Licensing Oncology Key

Swedish Firm In ‘Active Discussions With Potential Partners,’ Deal Possible In 2023

 
• By Dean Rudge

Xbrane has spelled out ambitious cash goals beginning next year, which hinge largely on it finding a partner for its pre-clinical oncology candidates, as it continues to shoulder heavy development and regulatory costs for its suite of biosimilars.

• Source: Shutterstock

With approvals in developed markets in hand for its first biosimilar, Sweden’s Xbrane Biopharma has laid out ambitions to become cash flow positive from operations starting in 2024.

However, the company admits that its goal is only viable if sales of its Ximluci (ranibizumab) biosimilar to Roche’s Lucentis “follows the forecast, and the company succeeds in out-licensing the

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