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Biotech / Medical : ONXX

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To: (no name provided) who started this subject4/3/2002 2:16:43 PM
From: tom pope  Read Replies (1) of 810
 
ONXX is moving on relatively strong volume, perhaps in response to this excerpt from the XOMA 10-k, as posted on the YAHOO board, though it does seem to be a thin reed:

XOMA is working under a process development and manufacturing agreement to support the development of Onyx's ONYX-015 product, which is in Phase III testing in patients with head and neck cancer. The initial term of this agreement continues through January of 2006, with options to extend for additional periods. XOMA's spending under this agreement is billed back to Onyx on a cost-plus basis.
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