XOMA completes $43 million common share financing

27 June 2001

XOMA has completed the sale of three million common shares in anoffering underwritten by, among others, US Bancorp Piper Jaffray and CIBC World Markets, raising proceeds (after expenses and fees) of $43.3 million. The company said that its objective had been to secure sufficient funding to help prepare for the commercialization of Xanelim (efalizumab), its investigational antibody for the treatment of psoriasis which has been co-developed with Genentech and is currently in Phase III (see page 18). The proceeds will also be used for clinical development of earlier-stage programs, including ING-1, a human-engineered antibody which is in Phase I studies in adenocarcinoma patients.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight