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Biotech / Medical : XOMA. Bull or Bear?
XOMA 31.40+0.8%9:53 AM EST

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To: Bluegreen who wrote (16403)11/4/2003 8:31:39 AM
From: Robert K.  Read Replies (5) of 17367
 
Perhaps Blue. The dna/serono/xoma agreement calls for any on to do trials and each party having opt-in and opt-out clauses to each indication. It is possible that should dna or serono be agressive that xoma will have to ante-up to play. My guess is thought that dna will prod xoma for initial USA studies, then dna will take on P3s if looks good in P2. Of course xoma will have to pay for their share of P3's. I agree that that 100 mil plus might be designated a good portion for opt-ins. Also perhaps for that reason xoma will want to partner bpi-21 and let the partner run with it. Ditto for ING-1. I can see xoma running some of that 100 mil into other bpi's and R&D or manufactor expansion capabilities. skd, all imo, no facts ever.
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