Friday's BioPlay: Xoma Ltd. - trackseekingalpha

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Friday's BioPlay: Xoma Ltd.
Jun 05, 2009 06:50 PM UTC

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Symbol	Sentiment	Start	Return	Closed
XOMA	n/a

Via Long Investment Ideas from Seeking Alpha:

Shares of Xoma Ltd. (XOMA) closed up 38% Thursday, a gain analysts pinned on anticipation that the drug company will release positive data on its Type II diabetes treatment during a presentation this weekend.

In research notes Thursday, analysts said the new Phase I data on the drug, XOMA 052, should be strong since Xoma released positive initial Phase I results for the treatment in September. The presentation will be made at the American Diabetes Association conference in New Orleans on Saturday.

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