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News / 7 February 2005
 

 

2005/OB/03

TERMINATION OF DISCUSSIONS

On 19 January 2005 the Board of Oxford BioMedica announced that it had received an approach from a third party regarding a potential merger, which may or may not lead to an offer for the Company.

The Board of Oxford BioMedica announces that the discussions that followed this unsolicited approach have terminated.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

Oxford BioMedica plc ("Oxford BioMedica" or the "Company")

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Notes

1. N M Rothschild & Sons Limited

N M Rothschild & Sons Limited ("Rothschild"), which is authorised and regulated by the Financial Services Authority in the United Kingdom, acts for Oxford BioMedica plc and no one else in relation to the contents of this announcement and will not be responsible to anyone other than Oxford BioMedica plc for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the contents of this announcement.

2. Oxford BioMedica
 

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.

Oxford BioMedica has core expertise in gene delivery, as well as in-house clinical, regulatory and manufacturing know-how. In oncology, the pipeline includes an immunotherapy and a gene therapy in multiple Phase II trials, and a preclinical targeted antibody therapy in collaboration with Wyeth. In neurotherapy, the Company’s lead product is a gene therapy for Parkinson’s disease, which is expected to enter clinical development in 2005, and four further preclinical candidates. The Company is underpinned by over 80 patent families, which represent 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, Amersham, Viragen, MolMed and Kiadis; and has licensed technology to a number of companies including Merck & Co and Biogen Idec.

 

Enquiries:

 

Oxford BioMedica plc
Professor Alan Kingsman, Chief Executive Officer

Tel: +44 (0)1865 783 000

Rothschild
Dr. Lynn Drummond

Tel: +44 (0) 20 7280 5000

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