BERKELEY, Calif. (AP) -- Xoma Ltd. said Monday its chief financial officer and vice president of finance, J. David Boyle II, resigned to take a position at another biotechnology company.
Boyle will remain in his position until Aug. 8 to complete the company's second quarter and earnings results filing with the Securities and Exchange Commission. Xoma said a formal search for a new CFO has begun.
Shares of Xoma fell 13 cents, or 6 percent, to $2.04 in morning trading. The stock has ranged from $1.58 to $4.39 over the past year.