ObsEva Stays Afloat By Selling Lead Women’s Health Asset To XOMA

For $15m Upfront

The Swiss firm has divested yet another one of its key programs in a bid to stave off insolvency and remain a listed company, forcing it to focus solely on a pre-IVF drug candidate.    

Premature baby wrapped in purple blanket
Ebopiprant Helps Reduce Inflammation And Uterine Contractions • Source: Shutterstock

ObsEva SA has sold global the rights to its preterm labor (PTL) treatment candidate, ebopiprant, to XOMA Corporation for $15m upfront in a bid to weather its financial troubles, shifting its future hopes to its last remaining asset, nolasiban.

Proceeds from the sale should allow the company to withdraw insolvency proceedings from Swiss courts and maintain the minimum $10m...

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