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Biotech / Medical : XOMA. Bull or Bear?
XOMA 33.63-2.5%3:59 PM EST

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To: bob zagorin who wrote (17127)3/11/2005 4:04:27 AM
From: bob zagorin   of 17367
 
Xoma shares soar 35% on contract
By Carolyn Pritchard, MarketWatch
Last Update: 7:18 PM ET March 10, 2005

SAN FRANCISCO (MarketWatch) - Xoma Ltd.'s shares rocketed higher by 35 percent following Thursday's closing bell after the company said it was awarded a $15 million contract from a unit of the National Institutes of Health.

Xoma shares added 37 cents in late trading to change hands for $1.41.

Under terms of the 18-month contract from the National Institute of Allergy and Infectious Diseases, Berkeley, Calif.-based Xoma (XOMA: news, chart, profile) will produce three botulinum neurotoxin monoclonal antibodies designed to protect against the effects of biological agents used in terrorism.

SRI International, an independent, nonprofit research institute based in Menlo Park, Calif. will be a subcontractor under the contract and will develop potency assays to support antibody characterization, Xoma said in a company statement.
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