Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Keeps 'Strong Buy' on XOMA


CIBC World reiterates strong buy on XOMA Ltd. (XOMA).

Genetech and Xoma say a pharmacokinetics study, to be included in a potential submission to the FDA for Xanelim, will delay the filing date to summer of 2002.

Analyst Matthew Geller says he had expected a filing in Q4 2001 or Q1 2002. He believes the delay may turn out to be net positive, as a new timeline would permit long-term treatment and retreatment studies to be completed before a filing. He adds the delay has no impact on EPS estimates for 2002 since he did not expect approval and launch of Xanelim until 2003. He notes the delay could be a positive for Biogen with its competitive product Amevive. He sees a $0.44 2001 loss, and a $0.50 2002 loss.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus