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XOMA Corporation Spikes on Price Offering

  +Follow August 22, 2013 12:48PM
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Biotech company XOMA Corporation ($XOMA) announced the price of their common stock offering on Thursday that sent the price of shares on an upward trajectory.

XOMA is offering 7.6 million shares at $3.62 a share, which should net the company around $25.5 million. Also, the company is allowing underwriters a 30 day option on an additional 1.14 million shares.

The Berkeley, Ca.-based biotech firm's flagship drug (and focus of principal reserach) is called gevokizumab. The drug is a humanized monoclonal antibody which is used primarily in the treatment of diabetes. On July 22 the drug entered Phase 2 of the approval process. Gevokizumab is also currently in phase III development for treating non-infectious uveitis and Behçet’s uveitis, which are multiskeletal inflammatory disorders.

On Aug. 7, the company reported a 21 cent per-share loss for the second quarter of 2013, missing revenue estimates by 21 percent. XOMA’s stock dropped precipitously on the news, losing around 20 percent of its value. In March, the stock was thought to be the most undervalued biomed stock under $10.

XOMA is down 20.27 percent on the month, hurt by the lagging earnings for the second quarter. But with Thursday's offering, the stock shot up 11.17 percent to hit $4.47 a share.

(image courtesy of Wikimedia Commons)

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Results for XOMA
Trader News Daily
28 Mar 15 17:47:13
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
Stock Dawgzz
28 Mar 15 16:00:32
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Dan
28 Mar 15 14:20:26
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28 Mar 15 13:46:07
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Elias S
28 Mar 15 13:05:28
Top picks for the week: $PCTY, $XOMA, $PAYC, $CSUN, $CYTX, $SLTD, $COCP, $BGMD.
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28 Mar 15 10:31:44
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28 Mar 15 09:57:47
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Muhammad Shahwan
27 Mar 15 14:26:29
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27 Mar 15 13:41:49
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CaliBiotech
27 Mar 15 13:23:14
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DekmarAlerts
27 Mar 15 12:35:01
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daytraderCB
27 Mar 15 12:28:23
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27 Mar 15 11:39:14
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sam
27 Mar 15 11:26:28
bought $xoma @3.61
Penny Stockington
27 Mar 15 10:46:07
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27 Mar 15 10:06:26
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27 Mar 15 10:05:32
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27 Mar 15 09:55:02
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DCam
27 Mar 15 09:21:12
RT @Skipjackrick: $XOMA been holding off for a while but starting to accumulate a position in this. Added 10K $3.645 avg. Huge opportunit…
Rick
27 Mar 15 09:17:10
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26 Mar 15 16:25:04
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26 Mar 15 12:51:33
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26 Mar 15 11:42:18
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26 Mar 15 06:06:07
$XOMA - 3 Things You Need to Know About XOMA Corp. http://t.co/V6GC1pXMYA
Stocks News&Markets
26 Mar 15 06:06:07
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26 Mar 15 06:06:06
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biotechnology smith
26 Mar 15 06:06:05
$XOMA - 3 Things You Need to Know About XOMA Corp. http://t.co/Pr4amEYOwu
NASDAQ
26 Mar 15 06:06:05
$XOMA - 3 Things You Need to Know About XOMA Corp. http://t.co/hQclNMOGtA
Trader News Daily
26 Mar 15 05:32:01
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
Penny Stockington
25 Mar 15 20:58:30
Our Penny Stock Newsletter Pick On $THCZ Is Up 310.77% In Less Than 6 Weeks! Huge News: http://t.co/9GpipsMyIy $AIQ $BBX $XOMA
Joe Librescu
25 Mar 15 19:38:01
@Eli75NY @dsobek also very important to realize they have 1)a potentially exp growing cash cow machine abcheck.eu it is theirs a mini $xoma
				
				
  +Follow August 22, 2013 12:48PM
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