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Biotech / Medical : XOMA. Bull or Bear?
XOMA 25.66+2.8%Jan 30 9:30 AM EST

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To: BostonView who wrote (11277)8/17/1999 12:29:00 AM
From: Kushi Kullar  Read Replies (1) of 17367
 
The quote below seems to indicate they are scheduling a meeting with FDA to present data. Bloomberg seemed to imply that they had been asked for more analysis. While all this may be technically accurate in some arcane way it leaves me with little confidence in this crew.

"The past few months have been particularly eventful," said Jack Castello, Chairman, President and CEO of XOMA. "After concluding accrual in the meningococcemia trial in May, we
have made a preliminary analysis and are scheduling a meeting with the FDA to present data prior to filing a BLA. We have also concluded several other important business
transactions that collectively strengthen the Company's financial position and improve our risk profile. These include expanding our hu1124 relationship with Genentech, signing our first
BPI product development partnership with Allergan and, most recently, closing a $17.4 million equity financing with new institutional investors."
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