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Biotech / Medical : XOMA. Bull or Bear?
XOMA 33.53-2.8%Nov 12 3:59 PM EST

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To: Robert K. who wrote (17019)7/7/2004 10:57:56 PM
From: Bluegreen   of 17367
 
So, how do you like this?>>>>>>During an analyst meeting held by Chiron Corporation on June 23rd, Chiron announced the first monoclonal antibody target for cancer, CD40, that it will co-develop with XOMA. XOMA and Chiron entered into a multi-product collaboration agreement in February of 2004 for the development and commercialization on antibody products for the treatment of cancer. Chiron and XOMA plan to file an Investigational New Drug (IND) application to the U.S. FDA for the anti-CD40mAb compound by the end of 2004.
On July 6th, Chiron announced the acquisition of Sagres Discovery, a privately held discovery stage company based in Davis, California, that specializes in the discovery and validation of oncology targets. Under the acquisition, Chiron reportedly will have access to all of Sagres' proprietary technology in the area of oncology. Further review of these targets is expected to identify additional antibody target candidates that will be used as part of XOMA's and Chiron's antibody product candidate program for the treatment of cancer.<<<<<<<<<
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