BERKELEY, Calif., Oct. 22, 2008 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) today announced that it has entered into a committed equity financing facility under which it has the option to sell up to $60 million of its registered common shares to Azimuth Opportunity Ltd. over a 24-month period. XOMA is not obligated to utilize any of the facility and remains free to enter other financing transactions. XOMA did not pay a commitment fee, or issue any warrants, to secure this facility.
