XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 33.63

-2.5%

3:59 PM EST

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To: Edscharp who wrote (17129)	3/12/2005 3:15:12 AM
From: bob zagorin	of 17367

11-Mar-2005 Entry Material Agreement, Financial Statements and Exhibits Item 1.01. Entry into a Material Definitive Agreement As previously announced, XOMA Ltd. (the "Company") has entered into a contract with the National Institute of Allergy and Infectious Diseases ("NIAID"), a part of the National Institutes of Health ("NIH"), to produce three botulinum neurotoxin monoclonal antibodies designed to protect U.S. citizens against the harmful effects of biological agents used in bioterrorism. Under the 18-month contract, the Company will develop monoclonal antibody therapeutics using proprietary antibody expression systems to produce anti-type A-botulinum neurotoxin monoclonal antibodies including a Master Cell Bank, Manufacturer's Working Cell Bank and other designated deliverables. The antibodies will be produced under Good Manufacturing Practices at the Company's manufacturing facility. The total fixed price of the contract is $15 million. This project will be 100% funded with Federal funds from NIAID under Contract No. HHSN266200500004C. SRI International will be a subcontractor under this contract and will develop potency assays to support antibody characterization. The contract contains numerous standard terms, relating to such matters as publicity, intellectual property and termination, provided for in the applicable federal acquisition regulations and customary in many government contracts.

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