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2005/OB/35
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OXFORD
BIOMEDICA SIGNS LENTIVECTOR® LICENSING AGREEMENT
WITH FORTUNE 500 BIOPHARMACEUTICAL COMPANY
Oxford,
UK: 24 October 2005 – Oxford BioMedica (LSE: OXB), the
leading gene therapy company, announced today that it has
signed its seventh licence agreement for its LentiVector technology
with a Fortune 500 global biopharmaceutical company. The agreement
provides the licensee with 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. Oxford
BioMedica has a comprehensive portfolio of US and European
patents that cover the technology. The Company has an active
licensing programme providing access to its LentiVector technology
on a non-exclusive basis primarily. Licensees and partners
include Biogen Idec, Merck & Co, Pfizer and Viragen. Oxford
BioMedica recently entered a strategic alliance with Sigma-Aldrich
for commercialisation of the LentiVector technology for the
research and reagents market.
Commenting
on the news Oxford BioMedica's Senior Vice President Commercial
Development, Peter Nolan, said: "We are delighted to
have secured our seventh licensee for the LentiVector gene
delivery technology. The pharmaceutical and biotechnology
industry increasingly recognises our gene delivery technology
as the system of choice in research and drug discovery, which
is reflected by the quality and growing number of licensees”.
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ends -
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Notes
| 1. |
Oxford
BioMedica |
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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.
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 trials in
2006, 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 approximately 70
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, Viragen, MolMed and Kiadis; and
has licensed technology to a number of companies
including Merck & Co, Biogen Idec and
Pfizer.
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| 2. |
LentiVector
technology |
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Oxford
BioMedica’s LentiVector gene delivery
technology, based on lentiviruses, 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
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.
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For
further information please contact:
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Oxford BioMedica plc
Professor Alan
Kingsman, Chief Executive
Peter
Nolan, SVP Commercial Development |
Tel: +44 (0)1865 783 000 |
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City/Financial
Enquiries
Lisa
Baderoon/Mark
Court/Mary-Jane
Johnson
Buchanan Communications |
Tel: +44 (0)20 7466 5000 |
Scientific/Trade
Press Enquiries
Sue
Charles, Katja
Stout
College Hill - Life Sciences |
Tel:
+44 (0)20 7886 8150 |
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