XOMA’s hands are tied with respect to the acne indication, IMO. The PoC data are not sufficiently compelling to justify XOMA’s spending more of its own money on new trials, and finding a partner (other than Servier) to pursue the acne indication is all but impossible given that Gevokicumab’s commercial rights have already been Balkanized.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”