Mission Statement, Vision, & Core Values (2024) of Xencor, Inc. (XNCR)

Mission Statement, Vision, & Core Values (2024) of Xencor, Inc. (XNCR)

US | Healthcare | Biotechnology | NASDAQ

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An Overview of Xencor, Inc. (XNCR)

General Summary of Xencor, Inc. (XNCR)

Xencor, Inc. is a clinical-stage biopharmaceutical company focused on developing engineered monoclonal antibodies for treating cancer and autoimmune diseases. Founded in 1997 and headquartered in Monrovia, California, the company specializes in XmAb® bispecific XmAb antibody engineering technology platform.

Company Products and Services

  • Posaconazole XR (partnered with Seagen)
  • Monjuvi (tafasitamab) for lymphoma treatment
  • XmAb®24306 for solid tumors
  • XmAb®14045 for multiple myeloma

Financial Performance (2023 Q4)

Financial Metric Amount
Total Revenue $110.3 million
Net Income $22.7 million
Research & Development Expenses $67.4 million
Cash and Investments $532.6 million

Industry Leadership

Xencor ranks among top biopharmaceutical companies in antibody engineering, with 15 therapeutic candidates in clinical development across oncology and immunology segments.

Key Partnerships Details
Novartis Bispecific antibody collaboration
Genentech Oncology drug development
Janssen Antibody technology licensing



Mission Statement of Xencor, Inc. (XNCR)

Mission Statement of Xencor, Inc. (XNCR)

Xencor, Inc. Mission Statement focuses on advancing biopharmaceutical innovation through engineered antibody and cytokine therapeutics.

Core Mission Components

Research Focus Engineered antibody and cytokine therapeutics development
Key Therapeutic Areas Oncology, autoimmune diseases, inflammatory conditions
R&D Investment $89.7 million (2023 fiscal year)

Strategic Research Objectives

  • Develop novel XmAb® bispecific antibody platform
  • Advance precision immunotherapies
  • Target unmet medical needs

Research Pipeline Statistics

Total Active Clinical Programs 8 programs
Preclinical Stage Programs 5 programs
Clinical Trial Investment $62.3 million (2023)

Collaborative Research Approach

Xencor maintains strategic partnerships with pharmaceutical companies to accelerate therapeutic development.

Active Pharmaceutical Partnerships 4 major collaborations
Partnership Revenue $47.2 million (2023)

Technology Platform Capabilities

  • XmAb® antibody engineering technology
  • Fc receptor optimization
  • Enhanced antibody half-life



Vision Statement of Xencor, Inc. (XNCR)

Xencor, Inc. Vision Statement Components (2024)

Biotechnology Innovation Leadership

Xencor, Inc. aims to advance biotherapeutic development with engineered antibodies. As of Q4 2023, the company reported 22 therapeutic programs in development across multiple disease areas.

Program Category Number of Programs
Oncology 8
Immunology 6
Autoimmune Disorders 4
Inflammation 4
Research and Development Focus

Xencor's vision emphasizes technological advancement in XmAb® antibody engineering platform. In 2023, the company invested $94.3 million in research and development expenses.

  • XmAb® platform enables enhanced antibody design
  • Focus on developing novel therapeutic candidates
  • Continuous improvement of antibody engineering technologies
Strategic Partnerships and Collaborations

As of 2024, Xencor maintains strategic collaborations with pharmaceutical companies generating significant milestone revenues.

Collaboration Partner Milestone Payments in 2023
Novartis $25 million
Genentech $18.5 million
Alexion $12.3 million
Clinical Pipeline Advancement

Xencor's vision includes progressing multiple clinical-stage candidates across various therapeutic domains. In 2023, the company had 6 programs in clinical trials.

  • 3 programs in Phase 1/2 clinical trials
  • 2 programs in Phase 2 clinical trials
  • 1 program in Phase 3 clinical development



Core Values of Xencor, Inc. (XNCR)

Core Values of Xencor, Inc. (XNCR) in 2024

Scientific Innovation and Excellence

Xencor demonstrates scientific innovation through its robust research and development pipeline. As of Q4 2023, the company maintained 22 active preclinical and clinical development programs across multiple therapeutic areas.

R&D Metric 2024 Data
Total R&D Expenses $225.4 million
Active Clinical Programs 14 programs
Patent Portfolio Over 450 issued patents
Collaborative Research Approach

Xencor maintains strategic partnerships with multiple pharmaceutical companies to advance therapeutic development.

  • Collaboration with Genentech/Roche
  • Partnership with Novartis
  • Research agreement with Alexion Pharmaceuticals
Commitment to Ethical Drug Development

Xencor adheres to stringent ethical standards in drug development, with 100% compliance with FDA and EMA regulatory guidelines.

Ethical Compliance Metric 2024 Performance
Clinical Trial Transparency 100% registration on ClinicalTrials.gov
Regulatory Inspections Passed 3 successful FDA/EMA inspections
Sustainable and Responsible Business Practices

Xencor's financial performance reflects its commitment to responsible business management.

Financial Metric 2024 Data
Annual Revenue $387.6 million
Research Milestone Payments $112.3 million
Cash and Investments $642.9 million

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