BERKELEY, Calif., Nov. 4 /PRNewswire-FirstCall/ -- XOMA Ltd. (Nasdaq: XOMA), a leader in the discovery and development of antibody therapeutics, announced today that Steve Engle, Chairman and CEO of XOMA, is scheduled to present at the Rodman and Renshaw Annual Global Investment Conference. The presentation will take place in New York on November 11, 2008 at 9:55 AM EST.
An audio webcast of the presentation will be available live http://www.wsw.com/webcast/rrshq14/xoma and on the XOMA website at http://investors.xoma.com/events.cfm. An archived version of the webcast will be available for 90 days following the presentation.
XOMA discovers, develops and manufactures therapeutic antibody and other agents designed to treat inflammatory, autoimmune, infectious and cancerous diseases and is engaged in more than 13 active development projects. The Company's expanding pipeline includes XOMA 052, an anti-IL-1 beta antibody, and XOMA 629, a synthetic antimicrobial peptide compound derived from bactericidal/permeability-increasing protein.
XOMA's proprietary development pipeline is primarily funded by multiple revenue streams resulting from the licensing of its antibody technologies, product royalties, development collaborations, and biodefense contracts. XOMA's technologies and experienced team have contributed to the success of marketed antibody products, including RAPTIVA(r) (efalizumab) for chronic moderate to severe plaque psoriasis, LUCENTIS(r) (ranibizumab injection) for wet age-related macular degeneration and CIMZIA(r) (certolizumab pegol) for Crohn's disease.
The Company has a premier antibody discovery and development platform that incorporates leading antibody phage display libraries and XOMA's proprietary Human Engineering(tm) and bacterial cell expression technologies. Bacterial cell expression is a key breakthrough biotechnology for the discovery and manufacturing of antibodies and other proteins. As a result, more than 50 pharmaceutical and biotechnology companies have signed BCE licenses.
In addition to developing its own products, XOMA develops products with premier pharmaceutical companies including Novartis AG, Schering-Plough Research Institute and Takeda Pharmaceutical Company Limited. XOMA has a fully integrated product development infrastructure, extending from pre-clinical science to approval, and a team of 330 employees at its Berkeley location. For more information, please visit http://www.xoma.com.
Certain statements contained herein relating to product development, or
that otherwise relate to future periods, are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are based on
assumptions that may not prove accurate. Actual results could differ
materially from those anticipated due to certain risks inherent in the
biotechnology industry and for companies engaged in the development of new
products in a regulated market. These risks, including those related to the
results of discovery research and preclinical testing; the timing or
results of pending and future clinical trials (including the design and
progress of clinical trials; safety and efficacy of the products being
tested; action, inaction or delay by the FDA, European or other regulators
or their advisory bodies; and analysis or interpretation by, or submission
to, these entities or others of scientific data); uncertainties regarding
the status of biotechnology patents; uncertainties as to the cost of
protecting intellectual property; changes in the status of the existing
collaborative and licensing relationships; the ability of collaborators,
licensees and other third parties to meet their obligations; market demand
for products; scale up and marketing capabilities; competition;
international operations; share price volatility; XOMA's financing needs
and opportunities; and risks associated with XOMA's status as a Bermuda
company, are described in more detail in XOMA's most recent annual report
on Form 10-K and in other SEC filings. Consider such risks carefully in
considering XOMA's prospects.
Media & Investors Contact:
Porter Novelli Life Sciences for XOMA
|SOURCE XOMA Ltd.|
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