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Biotech / Medical : Immunex

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To: Michael Yang who started this subject8/28/2000 12:48:55 PM
From: manfredhasler   of 656
 
Re: XOMA a competitor in Psoriasis treatment

Monday, August 28, 2000

US Bancorp bullish on XOMA
--12:23 pm - By Michael Baron
U.S. Bancorp Piper Jaffray raised its price target for XOMA Ltd. (XOMA: news, msgs) Monday, citing increased optimism about the company's anti-CD11a treatment for psoriasis. U.S. Bancorp analyst Mark Augustine, who rates XOMA a "strong buy", also raised his 52-week target on the stock to $18. Xoma, which is jointly developing anti-CD11a with Genentech (DNA: news, msgs), is up 2 1/8, or 27.2 percent, to 9 15/16. U.S. Bancorp initiated coverage of the Berkley, Calif., developer of products for immunological disorders with a $14 price target on July 11.
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