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Biotech / Medical : XOMA. Bull or Bear?

XOMA 33.34

-2.1%

Nov 7 9:30 AM EST

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From: nigel bates	11/6/2006 4:37:31 AM
	of 17367

XOMA Receives European Certification to Manufacture Investigational Medicinal Products Monday November 6, 3:10 am ET BERKELEY, Calif., Nov. 6, 2006 (PRIMEZONE) -- XOMA Ltd. (NASDAQ:XOMA - News) today announced that its cGMP pharmaceutical manufacturing facilities have received Investigational Medicinal Products certification from the Medicines and Healthcare Products Regulatory Agency (MHRA) of the United Kingdom. The MHRA certification approves XOMA's manufacturing facilities for the production of biological investigational medicinal products to be used in clinical trials in the European Union. ``This is an important development for XOMA since we have a number of our own and partnered drugs in development that are candidates for clinical trials in Europe,'' said Rob Tenerowicz, XOMA's vice president of operations. ``In addition, the MHRA certification positions XOMA to manufacture European investigational drugs on a contract basis for other organizations, which is part of XOMA's strategy for maximizing the utilization of our assets and driving the company to profitability.''...

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