Good news (part 1) could spike SP and Xoma wants to sell into the spike. Watch for news soon. If no news before offering, bad for Xoma shareholders. Not much selling in AH. Might announce POC3 or something else?
Servier is paying for the trials. Servier is paying the first 50 mil. They have not spent 10 mil yet.. The question is -what came up since the last conf call (where they had enough cash) that Xoma wants to raise cash ? Varian and all are straight shooters. I think XOMA985 is good to go.