REG - Oxford Biomedica PLC - OXB confirms no exposure to SVB receivership

Oxford BioMedicaAnnouncement

13/03/2023 11:45

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RNS Number : 7699S  Oxford Biomedica PLC  13 March 2023

 

Oxford Biomedica confirms no exposure to SVB receivership

Oxford, UK - 13 March 2023: Oxford Biomedica plc (LSE:OXB) ("Oxford
Biomedica" or "the Company"), a leading gene and cell therapy group, notes the
statement by the US Treasury, Federal Reserve, and FDIC on 12 March 2023
announcing measures to protect all depositors of Silicon Valley Bank ("SVB")
in the United States.

Oxford Biomedica Solutions LLC, the Company's U.S. based subsidiary, maintains
both a checking and deposit account with SVB.  The Company has no accounts
with SVB in the UK. Oxford Biomedica confirms it has no balance sheet risk
exposure to the SVB receivership issue.

-Ends-

 

Enquiries:

 

 

Oxford Biomedica plc:

 

Stuart Paynter, Chief Financial Officer - T: +44 (0)1865 783 000

Taylor Boyd, VP, Head of IR - T: +1 (984) 268 8488 / E: ir@oxb.com

Sophia Bolhassan, VP, Corporate Affairs and IR - T: +44 (0) 7394 562 425 / E:
ir@oxb.com

 

Consilium Strategic Communications:

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

 

Mary-Jane Elliott / Matthew Cole            / Matthew Neal

 

 

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, and
is working on programmes from pre-clinical to commercial stage across a range
of therapeutic areas with global partners.

 

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

 

Further information is available at www.oxb.com (http://www.oxb.com) .

 

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