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Biotech / Medical : XOMA. Bull or Bear?
XOMA 29.87-0.3%3:59 PM EST

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To: Robert Goosmann who wrote (3893)9/24/1997 11:01:00 AM
From: Jinping Shi   of 17367
 
I am surprised, too. The phase II data was very good and I have no doubt that they will make it statistically significant with 200 samples. It is just a matter of time and opportunity cost while we wait here.

Safety data are based on 60 days follow-up, the phase-III trials should not be any longer than that per person. The only thing is how long it takes to enroll 200 patients.

It takes at least 4-6 months for FDA to approve it, I guess. It may take 6+ months to write the NDA up. Likely it will be mid-end 1999 to
get it approved (my wild guess). They may get it approved in UK
and other countries approved first. Anyway, I see more reasons to pay $30 per share now than in 1991.

Jinping
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