XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 31.81

0.0%

Nov 24 3:58 PM EST

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To: chirodoc who wrote (4208)	10/21/1997 3:09:00 PM
From: opalapril	Read Replies (2) of 17367

Sad to say, but I am afraid the odds favor only a modest rise in XOMA's stock price if the results are positive and then another drift down to the usual crippled trading range. Other biotechs -- lesser ones, I might add --see a big, permament stock price increase in a short time after a single clinical success. But in XOMa's case, because of its checkered (i.e. "frustrating") past, merely confirming what is already known will not excite Wall Street or the funds that drive the market. Ultimately, the only thing that will convince them and send XOMA soaring is a lucrative long-term manufacturing and marketing agreement with a mega-pharmaceutical company for a specific BPI-derived drug -- in other words, positive proof that XOMA exists to make money, not just provide a test tube playground for woolly headed scientists. What would send the stock reeling, of course, are disappointing clinical results -- which the whole investment world thinks is unlikely to happen.

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