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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who wrote (2900)6/26/2001 2:09:38 PM
From: Bocor  Read Replies (2) of 6873
 
Michail, any thoughts on XOMA? Secondary done last night I guess. Found this info from a recent article:

If Xanelim doesn't get a large chunk of the psoriasis market, then Genentech will still prosper on its diverse portfolio of cancer and heart drugs. But prospects for Genentech's collaborator on Xanelim -- Xoma -- depend greatly on the psoriasis drug. The Berkeley, California, firm would get 25% of profits from Xanelim sales. Those profits would be a first for Xoma which, despite 20 years in the biotech business, has never had a successful product. With Xoma shares sulking down at around 3 last year, several Wall Street analysts became bullish on hopes for Xanelim (and perhaps on hopes for underwriting fees from the cash-poor Xoma).

Last week's $13 share price puts a stock market value of $850 million on Xoma and seems to give generous credit to best-case hopes of Xanelim finally pushing Xoma into the black, in 2004. Such speculations were more interesting when the stock was at 3.
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