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Biotech / Medical : XOMA. Bull or Bear?
XOMA 24.61-4.3%3:59 PM EST

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To: Biomaven who wrote (10862)7/22/1999 11:25:00 AM
From: aknahow  Read Replies (1) of 17367
 
For sometime I thought XOMA had already unblinded the trial. With the news I now think they probably did not until the stock deal was done. Not looking first would assure no leaks or at least make it more difficult for others to successful charge there had been leaks.

On Yahoo I questioned why XOMA would sell stock now. I know what I would have done, but fully understand why XOMA chooses to do what they did. It is a more conservative stance and they are not about to bet the survival of the company on the trial results no matter how good they think they might be. While the stock would tank if the results were not good, BPI & LBP would still be platforms worth further development, IMO.

The Allergan news yesterday of a FDA advisory panel turndown for a cyclosporin product should mean greater incentive to move forward on research and development of a BPI/antibiotic product.

Let the unblinding begin!
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