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News / 19 January 2005
 

 

 

RESPONSE TO SHARE PRICE MOVEMENT

The Board of Oxford BioMedica notes the recent movement in the Company's share price. The Board confirms that it has received an approach from a third party and that it is in discussions regarding a potential merger.

The Board wishes to stress that discussions are at an early stage and may or may not lead to an offer for the Company.

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. 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; 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.

 

For further information please contact:

 

Oxford BioMedica plc
Professor Alan Kingsman, Chief Executive

Tel: +44 (0)1865 783 000

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