XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 26.33

-8.6%

Jan 16 3:59 PM EST

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To: opalapril who wrote (6994)	8/26/1998 1:52:00 PM
From: aknahow	Read Replies (1) of 17367

Opala, call Ellen Martin, if you have not done so. Some are replacements and some are new. By calling you will have the correct information on which to make any decision you choose. I will miss you, if and when you sell and no longer post. The price action of many biotechs has been terrible but that does not make the decline in XOMA any less painful. I think biotechs are a sector that should eventually attract interest. As, posted elsewhere I am concerned about how this particular industry can continue to raise capital when general equity markets are weak. The terms agreed to in even strong markets were harsh. As long as the FDA continues to insist on more than just safety trial will remain very costly. Unmet demand for capital will probably lead to failures, consolidations, and buyouts. I do not see any hope that the FDA will make any radical changes, for at least the next ten years. California and other biotech states will risk seeing their biotech industries decimated. Wonder if the Libertarians will ever win enough positions of power to have any impact.

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