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Xencor's Coming Share Issue To Help Fund Immuno-Oncology Pipeline

 
• By Sten Stovall

Monrovia, California-based Xencor Inc.'s latest funding exercise is a public share offering to raise some $110m after expenses to advance its immuno-oncology pipeline.

Xencor Inc.'s plan to publicly issue 4,585,000 shares of its common stock is further evidence the clinical-stage US biopharmaceutical company and its product pipeline are maturing.

The NASDAQ-listed biotech Dec. 1 said it filed a preliminary prospectus with the US Securities and Exchange Commission...

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