Tuesday, July 31, 2012
CMC Biologics to buy Xoma's former manufacturing facility
Xoma Corp.'s Berkeley manufacturing facility is getting a new operator. CMC Biologics, a Copenhagen-based contract manufacturing company, said Tuesday that it will buy the 31,000-square-foot, large-scale manufacturing operations formerly used by Berkeley-based Xoma (NASDAQ: XOMA) as well as other assets. Financial terms of the deal were not disclosed. CMC also did not say how many people who worked at the facility under Xoma would be employed by the new owner.