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Biotech / Medical : XOMA. Bull or Bear?
XOMA 32.72-5.2%11:48 AM EST
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To: bob zagorin who wrote (17127)3/12/2005 12:47:58 AM
From: Edscharp  Read Replies (1) of 17367
 
So, how much of the $15M does Xoma get and how much does SRI, the subcontractor of this contract, get?

As they say - the devil is in the details and in the case of this Xoma press release the details have been omitted, conveniently I suspect.

I'll grant that this contract may be worth something for it's prestige value. Frankly, I'm amazed the government trusts them. But, it seems unlikely this contract will do much for Xoma's bottom line. What with it's huge burn rate and management's insatiable desire to award themselves for 30 years of failure.
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