Xoma Stops Work on Experimental Hepatitis Drug

[Guest guest]

Xoma Stops Work on Experimental Hepatitis Drug

East Bay Business Times - Jul. 31, 2006

Xoma Ltd. said late Friday it stopped work on an experimental hepatitis B

drug after the company that developed it backed out of a research deal.

Berkeley-based Xoma (NASDAQ: XOMA) was working with Cubist Pharmaceuticals

Inc. (NASDAQ: CBST) on the drug HepeX-B, but said Cubist stopped its

investment in the project because of stringent Food and Drug Administration

requirements. Xoma and Cubist made a deal in September 2005 in which Xoma

worked to find new ways of manufacturing HepeX-B.

Xoma has notified Cubist that it will terminate their contract, although the

two companies are discussing other options for the drug. HepeX-B has been

granted Orphan Drug Status by both European and American regulators.

http://www.therapeuticsdaily.com/news/article.cfm?contentvalue=1024652 & contentty\

pe=sentryarticle & channelID=31

_________________________________________________________________

On the road to retirement? Check out MSN Life Events for advice on how to

get there! http://lifeevents.msn.com/category.aspx?cid=Retirement

[Guest guest]

Xoma Stops Work on Experimental Hepatitis Drug

East Bay Business Times - Jul. 31, 2006

Xoma Ltd. said late Friday it stopped work on an experimental hepatitis B

drug after the company that developed it backed out of a research deal.

Berkeley-based Xoma (NASDAQ: XOMA) was working with Cubist Pharmaceuticals

Inc. (NASDAQ: CBST) on the drug HepeX-B, but said Cubist stopped its

investment in the project because of stringent Food and Drug Administration

requirements. Xoma and Cubist made a deal in September 2005 in which Xoma

worked to find new ways of manufacturing HepeX-B.

Xoma has notified Cubist that it will terminate their contract, although the

two companies are discussing other options for the drug. HepeX-B has been

granted Orphan Drug Status by both European and American regulators.

http://www.therapeuticsdaily.com/news/article.cfm?contentvalue=1024652 & contentty\

pe=sentryarticle & channelID=31

_________________________________________________________________

On the road to retirement? Check out MSN Life Events for advice on how to

get there! http://lifeevents.msn.com/category.aspx?cid=Retirement