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Biotech / Medical : XOMA. Bull or Bear?
XOMA 29.81-4.3%3:59 PM EST

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To: Robert K. who wrote (16352)10/12/2003 11:13:46 AM
From: aknahow  Read Replies (1) of 17367
 
Robert, original gelonin work failed. It was brought back with new improved twist and then Xoma decided not to bring it clinic as they thought they would.

The $10 million was a payment for work in progress. It was not a pure profit penalty. Even so it was and is $10 million, but again it pays Xoma for expenses incurred.

I love BPI but does Xoma? You are good at finding continuation of old patents but reluctant to answer why Xoma is not even funding the probes. If Xoma had a real interest where are the clinical trials on fungus? Why does Xoma cite Aiello's work done years ago when he and the Harvard eye clinic appear to have moved on?
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