XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 29.81

-4.2%

3:59 PM EST

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To: Arthur Radley who wrote (16147)	12/23/2002 7:10:15 PM
From: Arthur Radley	Read Replies (2) of 17367

Guess Xoma is trying to make it a Merry Xmas for investors... "XOMA Receives $7.5 Million From Millennium Under Existing Development Arrangement Monday December 23, 7:01 pm ET BERKELEY, Calif.--(BUSINESS WIRE)--Dec. 23, 2002--XOMA Ltd. (Nasdaq:XOMA - News) announced today that it has issued approximately 1,443,000 shares to Millennium Pharmaceuticals, Inc. for gross proceeds of approximately $7.5 million, pursuant to their existing collaboration and investment arrangement announced in November of 2001. Under the investment agreement, Millennium remains committed to purchase, at XOMA's option, up to an additional $37.5 million of XOMA's common shares over the next 18 months, at then prevailing market prices.

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