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Biotech / Medical : XOMA. Bull or Bear?
XOMA 26.65-0.8%Jan 23 3:59 PM EST

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To: Robert K. who wrote (9426)3/30/1999 12:27:00 AM
From: aknahow  Read Replies (2) of 17367
 
Jan. 7 1999 press release.
<In April 1996, as part of its long-term partnering strategy, Genentech entered into a collaboration agreement with XOMA to
develop Genentech's hu1124 molecule through Phase II. This part of the collaboration is now complete, and based on the
Phase II results Genentech will decide early in 1999 whether to continue the product collaboration with XOMA or itself
continue with Phase III development. XOMA may decide whether to receive payments from Genentech when the molecule
is commercialized or participate with Genentech in profit-sharing from the ultimate sales of the product.>

The info. you found was dated Feb. 17. I cannot believe that it would be Martin's idea of a smart move to hold news on an agreement with Genetech back. I am beginning to understand Bluebeard's anger!
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