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2005/OB/02
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OXFORD BIOMEDICA SIGNS LENTIVECTOR® LICENSING AGREEMENT
Oxford BioMedica (LSE: OXB), the leading gene therapy company, announced today that it has signed a further licence agreement for its LentiVector technology with a large biopharmaceutical company. For commercial reasons, the identity of the counterparty is not disclosed. The agreement permits the use of the Company’s proprietary LentiVector gene delivery system for research activities. Under the terms of the agreement, Oxford BioMedica will receive an upfront licence payment and an annual maintenance fee. Further financial details were not disclosed.
Oxford BioMedica’s lentivirus-based gene delivery technology, known as LentiVector, is one of the most powerful technologies for the delivery of genes to a wide range of cell and tissue types. The LentiVector technology has applications both in therapeutic products and as a drug discovery tool for target validation and the creation of targeted disease models. It has also been shown to enhance the efficiency of making transgenic birds and mammals. Oxford BioMedica has a comprehensive portfolio of US and European patents that cover the LentiVector technology.
Commenting on the news Oxford BioMedica's Senior Vice President Commercial Development, Peter Nolan, said: "The versatility and safety of lentiviral vectors make them the system of choice for gene target validation in the drug discovery process as well as for the direct therapeutic applications in neurotherapy that Oxford BioMedica is pursuing. We are pleased that an increasing number of companies are using the LentiVector technology and we expect to establish a number of new partnerships around the technology in the near future.”
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| Notes
| 1. |
Oxford
BioMedica plc |
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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;
two neurotherapy products in advanced preclinical
development for Parkinson’s disease
and retinopathy; and three further preclinical
neurotherapy products. The Company is underpinned
by an extensive preclinical and research
portfolio and over 80 patent families, which
represents one of the broadest patent estates
in the field.
The
Company has established a neurotherapy pipeline
of product candidates based on its LentiVector
technology, which includes ProSavin®
for Parkinson’s disease, RetinoStat®
for retinopathy, MoNuDin® for motor
neuron disease, SMN1-G for spinal muscular
atrophy and Innurex® for nerve repair.
Current licencees of the LentiVector technology
for drug discovery and transgenic applications
include Merck & Co and Viragen. |
| 2. |
LentiVector
technology |
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Oxford BioMedica’s LentiVector gene
delivery technology, based on lentiviral vectors,
is arguably the most potent system currently
available for treating a range of diseases,
particularly those of the central nervous
system. Oxford BioMedica has shown that its
lentiviral vectors are able to deliver genes
with high efficiency to a variety of both
dividing and non-dividing cells, including
neurons in the brain.
Oxford
BioMedica has three issued US patents and
a European patent for its LentiVector technology.
These include broad composition of matter
claims and methods of production claims
for lentiviral vector gene delivery systems
of both human and non-human origin. The
patents also cover derivatives of lentiviral
vector systems that, unlike many versions
of lentiviral vectors, have real clinical
utility because of their safety. The Oxford
BioMedica team was the first to construct
lentiviral vectors that contain no viral
genes at all, and which comprise the minimum
number of viral components in the viral
particles. It is this minimisation of the
vectors that is the subject of these patents.
This work was done using vectors based on
HIV and Equine Infectious Anaemia Virus
(EIAV), a horse virus that is not linked
to any disease in humans. |
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further information please contact:
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Oxford BioMedica plc
Professor Alan
Kingsman, Chief Executive
Peter Nolan, SVP Commercial Development
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Tel: +44 (0)1865 783 000 |
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