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2004/OB/11
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OXFORD
BIOMEDICA – INNUREX® PROGRAMME
At the
time of the Annual General Meeting on the 20th April 2004
Oxford BioMedica released an update statement which said that
‘the Company is announcing that its Innurex programme
for nerve regeneration in spinal cord injury has been awarded
$150,000 from the Christopher Reeve Paralysis Foundation’.
The Company wishes to make it clear that the Christopher Reeve
Paralysis Foundation has awarded the grant to Kings College
London to explore the use of Innurex in spinal cord injury.
This study, at King’s College, is being conducted in
collaboration with Oxford BioMedica and the Company retains
all commercial rights.
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ends - |
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| Notes
| 1. |
Oxford
BioMedica plc |
|
Oxford
BioMedica (LSE: OXB) is a biopharmaceutical
company specialising in the development
of novel gene-based therapeutics with a
focus on the areas of oncology and neurotherapy.
The Company was established in 1995 as a
spin out from Oxford University, and is
listed on the London Stock Exchange.
In
addition to its technical expertise in gene
delivery, Oxford BioMedica has in-house
clinical, regulatory and manufacturing know-how.
The development pipeline includes two novel
anti-cancer products in clinical trials;
and two neurotherapy products in advanced
preclinical development for Parkinson’s
disease and retinopathy. The Company is
underpinned by an extensive preclinical
and research portfolio and about 70 patent
families, which represents one of the broadest
patent estates in the field.
The
Company has a staff of approx. 65 split
between its main facilities in Oxford and
its wholly owned subsidiary, BioMedica Inc,
in San Diego, California. Oxford BioMedica
has corporate collaborations with Wyeth,
Intervet, Merck & Co, Amersham and Kiadis. |
| 2. |
Christopher
Reeve Paralysis Foundation |
| |
The
Christopher Reeve Paralysis Foundation (CRPF)
is committed to funding research that develops
treatments and cures for paralysis caused
by spinal cord injury and other central
nervous system disorders. CRPF also vigorously
works to improve the quality of life for
people living with disabilities through
its grants program, paralysis resource center
and advocacy efforts.
Since
1982, CRPF has awarded $42.5 million in
research grants to the world’s best
neuroscientists. CRPF grants are catalytic.
It supports new initiatives, takes smart
risks, and makes sure its research dollars
are spent to do the most good.
In addition, through its Quality of Life
Grants program, CRPF has granted close to
$3.5 million since 1999 to nonprofit organizations
that help improve the daily lives of people
living with paralysis, particularly spinal
cord injuries. |
| 3. |
Innurex®
|
| |
Innurex
is a product comprising Oxford BioMedica’s
LentiVector delivery system carrying the
RARß2 gene (a subtype of the retinoic
acid receptor). The Company acquired exclusive
rights to the RARß2 gene from King’s
College London where the initial observation
that this gene could programme nerve cells
to regrow in vitro was made. The product
is being investigated extensively in
in vivo industry-standard preclinical
models of nerve repair in avulsion and spinal
cord injury. On 2 June 2004 the company
released data showing that Innurex is able
to restore function to damaged limbs in
a model of avulsion (stretch) injury. |
| 4. |
King's
College London |
| |
King's
is one of the oldest and largest colleges
of the University of London with 13,800
undergraduate students and some 5,300 postgraduates
in ten schools of study. The College had
24 of its subject-areas awarded the highest
rating of 5* and 5 for research quality,
demonstrating excellence at an international
level. King's is in the top group of five
universities for research earnings with
income from grants and contracts of more
than £93 million (2002-2003) and has
an annual turnover of £320 million.
King's is a member of the Russell Group,
a coalition of the UK's major research-based
universities. |
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| For
further information please contact:
|
|
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Oxford BioMedica plc
Professor Alan
Kingsman, Chief Executive
|
Tel: +44 (0)1865 783 000 |
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Enquiries
Lisa
Baderoon/Mark
Court
Buchanan Communications |
Tel: +44 (0)20 7466 5000
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Press Enquiries
Katja
Stout/Ellen
Marriage
College Hill - Life Sciences |
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