BERKELEY, Calif., Jan 22, 2009 (GlobeNewswire via COMTEX News Network) -- XOMA Ltd. (Nasdaq:XOMA) today announced that it has received a milestone payment of $500,000 for the initiation of a Phase 3 clinical trial from Pfizer Inc. (Pfizer), the world's largest research-based biomedical and pharmaceutical company, pursuant to the parties' previously-announced license agreement. The agreement grants Pfizer non-exclusive, worldwide rights to XOMA's patented bacterial cell expression (BCE) technology for phage display and other research, development and manufacture of antibody products. The milestone payment arises from the initiation by Pfizer of Phase 3 clinical trials for an antibody drug candidate, tanezumab, for the treatment of chronic pain due to osteoarthritis.
Yes and BOFA bought 8mm shares. So how did that go down? I'm sure it's not related in any way.
I shall take the title of "newwbie" as a compliment. I bought after the BB 1st took a position. When the stock pulled back from it's highs I took profit in the 7's and my shares are free. The more intellecutal property they have the more the likely hood they find a buyer. I am ok with the sos.
Julian also is pesonally on the board of IDRA and the stock has performed well lately. Taking profit and betting on a different horse is all. It is small portion of their fund and they are not married to the stock. If you review past sales they have sold other stocks that continue to go up after they exited their position as well as others that were losers. Whether Xoma utimately winds up as a winner or loser the BB will have made their money. Isn't this why we invest in stocks?
Disclosed are methods for the treatment and/or prevention of gout, comprising administering to a subject an effective amount of anti-IL-1β antibody or fragment thereof
They want to exercise the warrents that they got dirt cheep but per the terms are not allowed to exceed 9.9% ownership. Selling sum at a profit to exercise the warrents.