Aimmune inks license deal and makes investment in Xencor

5 February 2020

Hot on the heels of US regulatory approval of its Palforzia (Peanut [Arachis hypogaea] allergen powder-dnfp), the first approved treatment for patients with peanut allergy, Aimmune Therapeutics (Nasdaq: AIMT) today announced it has obtained an exclusive worldwide license to develop and commercialize the investigational humanized monoclonal antibody XmAb 7195 from Californian monoclonal antibody specialist Xencor (Nasdaq: XNCR).

News of the deal saw Aimmune’s shares rise 9.3% to $32.11 shortly after markets opened, while Xencor gained just 3% to $35.27.

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