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Biotech / Medical : XOMA. Bull or Bear?
XOMA 33.23+0.9%3:59 PM EST

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To: Thomas J Pittman who wrote (7822)11/25/1998 1:54:00 AM
From: aknahow  Read Replies (1) of 17367
 
Agree the market is indifferent. This is IMO a non event. It only becomes important if Neuprex is approved and does result in significant sales outside of the U.S. If Neuprex fails the P III trial the stock will drop and lawyers will be all over trying encourage a shareholders suit. Even in that case I would prefer Bermuda because the suits produce nothing for shareholders but lots for the lawyers and, guess what, non approval is part of the risk involved in buying biotech stocks. Non approval does not, automatically, mean management, screwed the shareholders.

Thousands of companies including Shell and Esso make use of Bermuda. Check out the link, provided earlier.

Do any shareholders care that XOMA a company with its' offices and manufacturing plants in California is registered as a Delaware corporation?
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