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Biotech / Medical : XOMA. Bull or Bear?
XOMA 34.39+6.7%3:59 PM EST

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To: Olu Emuleomo who started this subject8/22/2002 8:20:37 PM
From: aknahow   of 17367
 
Interesting how some ignore the facts and glibly post that Xoma has failed at everything. Some are very impressed with cash balances but have no idea of how to value a partnership agreement. That is especially true when the agreement is complex.

Just what is a 10 year partnership that requires two indications in clinic for the life of the partnership? There are three levels of milestone payments which depend on the size of the indication.

And we know that Xoma's share of gross profits is around 40%

With the focus on Raptiva, where Xoma's U.S. share is 25% for which it paid only 12.5% of cost, few even remember the Baxter deal. It is worth checking out.

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