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Biotech / Medical : XOMA. Bull or Bear?
XOMA 26.70+0.6%9:56 AM EST

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To: Robert K. who wrote (10641)7/7/1999 10:59:00 AM
From: aknahow   of 17367
 
Robert, you can parse this both ways. XOMA was clearly looking to do an I-Prex deal. They said so in print. What was done was a deal only to use rBPI21 in conjunction with other anti-infectives.

Apparently the two parties could not agree to terms for the whole package. i am fine with that as I have maintained that partners are a necessary evil, so retaining the rights to anti-angiogenisis and whatever else I-Prex does is fine with me.

Robert, obviously, what we say or do will not influence XOMA'S march to seek approval. What XOMA does on a financial basis does and will influence its' financial strength and this in turn can impact positively or negatively its' ability to move its' science forward.

Do you know where the stock would be if XOMA had not cleared up the mortality target confusion? Neither of us will ever know, but I am less confident than you are that all would have been well, in this best of all possible worlds.
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