REG - Oxford Biomedica PLC - Licence & Supply Agreement with New Partner

Oxford BioMedicaAnnouncement

26/07/2022 07:00

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RNS Number : 6891T  Oxford Biomedica PLC  26 July 2022

 

 

Oxford Biomedica Signs Licence & Supply Agreement with New Partner for
LentiVector® Platform for CAR-T Therapy

Oxford, UK - 26 July 2022: Oxford Biomedica plc (LSE:OXB) ("Oxford Biomedica"
or "the Company"), a leading gene and cell therapy group, today announces that
it has signed a new Licence and Supply Agreement ("LSA") with an undisclosed
US-based private biotechnology company advancing a new generation of adoptive
cell therapies. The LSA grants the new partner a non-exclusive licence to
utilise Oxford Biomedica's LentiVector® platform for its application in their
lead CAR-T programme, and puts in place a three-year Clinical Supply
Agreement.

Under the terms of the LSA, Oxford Biomedica will receive an undisclosed
upfront payment, as well as additional payments related to the development and
manufacturing of lentiviral vectors for use in clinical trials. The Company
will also receive certain development and regulatory milestone payments and an
undisclosed royalty on the net sales of products sold that utilise the
Company's LentiVector® platform.

Stuart Paynter, Chief Financial Officer of Oxford Biomedica, commented: "This
new partnership further demonstrates the strength of our LentiVector®
platform. This is another example of our important role in supporting the
development of potentially life-saving CAR-T therapies and has been made
possible by the fact we've been able to offer strategically re-acquired
targets to our customers. As a leading viral vector specialist, we look
forward to continuing to build upon our position as a partner of choice in
cell and gene therapy."

-Ends-

 

Enquiries:

 

Oxford Biomedica plc: T: +44 (0)1865 783 000 / E: ir@oxb.com

 

Stuart Paynter, Chief Financial Officer

Sophia Bolhassan, Head of Investor Relations

 

Consilium Strategic Communications:

T: +44 (0)20 3709 5700 / E: oxfordbiomedica@consilium-comms.com

 

Mary-Jane Elliott / Matthew Neal / Matthew Cole

 

 

About Oxford Biomedica

Oxford Biomedica (LSE:OXB) is an innovative leading viral vector specialist
focused on delivering life changing therapies to patients.

 

Oxford Biomedica plc and its subsidiaries (the Group) work across key viral
vector delivery systems including those based on lentivirus, adeno-associated
virus (AAV) and adenovirus, providing innovative solutions to cell and gene
therapy biotechnology and biopharma companies for their process development,
analytical development and manufacturing needs. Oxford Biomedica has built a
sector leading lentiviral vector delivery system, LentiVector® platform,
which the Group leverages to develop product candidates in-house, before
seeking partners to take the products into clinical trials.

 

Oxford Biomedica is based across several locations and headquartered in
Oxfordshire, UK. In early 2022, the Group established Oxford Biomedica
Solutions, a new US based subsidiary AAV manufacturing and innovation
business, based near Boston, US.

 

Oxford Biomedica employs more than 940 people. Further information is
available at www.oxb.com (http://www.oxb.com) .

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