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XOMA and Schering-Plough Add New Programs to Antibody Collaboration
BERKELEY, Calif., Jan. 17, 2007 (PRIME NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) announced that Schering-Plough Corporation (NYSE:SGP) exercised its right to initiate additional discovery and development programs under their collaboration for therapeutic antibody products. XOMA has received up-front payments for each of the additional collaboration programs and will also receive research funding for each project as well as success based milestones and royalties on the sale of any products that result from the collaboration.
1st Pacific Bancorp
1st Pacific Bank Reports Record 2006 Earnings of $0.76, Up 35.7 Percent
SAN DIEGO, Jan. 17, 2007 (PRIME NEWSWIRE) -- 1st Pacific Bank of California (OTCBB:FPBS) today announced fiscal year 2006 net income of $3.20 million, an increase of 36.3 percent above the $2.35 million reported for the prior fiscal year. Diluted earnings per share were $0.76 compared with $0.56 in 2005, an increase of 35.7 percent. For the fourth quarter of 2006, earnings were $815,000, or $0.19 per diluted share, up 12.4 percent and 11.8 percent, respectively, above 2005 fourth quarter earnings of $725,000, and $0.17 per diluted share. Full year and fourth quarter 2006 results reflect strong loan growth, exceptional asset quality and disciplined control of expenses.