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Friday’s BioPlay is Xoma Ltd. (Nasdaq:XOMA)


LOS ANGELES, CA- 05/05/09- BioMedReports.Com, the news portal covering the biomedical sector that delivers financial and investment intelligence to a community of highly informed investors has issued a report on Xoma Ltd. (XOMA). On Thursday (06/04/09) shares closed up 38%, 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.

An audiocast of the presentation will be available live via the Investors tab at the XOMA website, An archived version of the webcast will be available for 90 days following the presentation.

“The data at ADA will likely add further support to the potential efficacy of XOMA 052,” RBC Capital Markets analyst Jason Kantor wrote.

The complete Phase I results on the drug are expected to be released this summer.

Shares closed at $1.18, after earlier climbing as high as $1.21. The stock has gained 90% year to date, but is still 38% below its year-ago level.

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