Xencor Reports Third Quarter 2026 Financial Results
Business Wire•04/11/2026•16:01 ET
0
Key Highlights
- ➤Q3 revenue $116.5 million, up from $21.0 million year-over-year
- ➤XmAb819 400 mcg/kg cohort posted 45.5% confirmed objective response rate
- ➤Xencor expects $480 million-$500 million year-end cash and runway into 2029
- ➤Astellas’ ASP2138 trial start triggered a $25.0 million milestone payment
- ➤Zenas’ Japanese obexelimab filing triggered a $2.5 million milestone payment
- ➤Amgen completed enrollment in xaluritamig’s Phase 3 XALute study
Expert Statements
Bassil Dahiyat, President and Chief Executive Officer at Xencor
“Xencor’s lead CD3 T-cell engaging bispecific antibody, XmAb819, has demonstrated compelling clinical data in advanced clear cell renal cell carcinoma, and our plans for moving XmAb819 into earlier lines of treatment as a monotherapy and in combination with anti-PD(L)1 are underway, with evaluation of XmAb819 in additional ENPP3-positive tumor types also ongoing. We expect that the accelerating tempo of clinical development for XmAb819, and across our portfolio, may present multiple opportunities for continued momentum into the new year and throughout 2027. Based on our plans, by the end of 2027 we anticipate XmAb819 will be the third XmAb 2+1 bispecific antibody to enter a potential registration-enabling study, following xaluritamig and ASP2138”
Bassil Dahiyat, President and Chief Executive Officer at Xencor
“For our autoimmune portfolio, next week at the ACR Convergence conference we will present early dose-escalation data from the Phase 1 study of our CD20 x CD3 B-cell depleting T-cell engager, plamotamab, which we are evaluating in patients with rheumatoid arthritis following standard-of-care treatments.”
Bassil Dahiyat, President and Chief Executive Officer at Xencor
“For our two TL1A-targeting development programs, enrollment in XENITH-UC, the global Phase 2b study of XmAb942, is on track for the primary endpoint analysis in the second half of 2027, and for our novel TL1A x IL23p19 bispecific, XmAb412, we plan to present healthy participant data in the first half of 2027.”
-- Updated results for XmAb819 (ENPP3 x CD3) in advanced clear cell renal cell carcinoma and outline of plans for potential registration-enabling development presented during ESMO --
-- Early dose-escalation data for plamotamab (CD20 x CD3) in rheumatoid arthritis to be presented during the ACR Convergence conference --
Get started
Create a free account to read the full story.
