PreMarket
Bubbles -XOMA- Xoma offers $12m in supply and warrants - Sourced
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XOMA Ltd.,XOMA
After Hours: 0.00 N/A (N/A) 8:00PM ET
Biotechnology company Xoma Ltd. said Friday it is offering a mix of common
stock and warrants to institutional investor and expects proceeds of about $12
million.The company is offering 10.4 million units, with each unit consisting
of one common share and a warrant to buy half of a common share. The
institutional investor agreed to the price of $1.15 per unit.
About
XOMA Ltd., a biopharmaceutical company, engages in the discovery, development,
and manufacture of therapeutic antibodies and other agents to treat
inflammatory, autoimmune, infectious, and oncological diseases. The company
receives royalties on three approved products: RAPTIVA, which is marketed
globally for the treatment of chronic moderate-to-severe plaque psoriasis;
LUCENTIS, which is marketed globally for the treatment of neovascular (wet)
age-related macular degeneration; and CIMZIA, which is approved in the U.S. and
Switzerland for the treatment of Crohn?s disease.
Last Trade: 0.82
Day's Range: N/A - N/A
52wk Range: 0.37 - 2.40
Volume: 0
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