News 01 July 2008
 

 

2008/OB/19

OXFORD BIOMEDICA ANNOUNCES UPDATE ON BOARD CHANGES

Oxford, UK - 01 July 2008: Oxford BioMedica (LSE: OXB), a leading gene therapy company, announces today that changes to its Board of Directors, which were announced on 15 April 2008, have become effective. The Company also announces today the promotion of Nick Woolf to Chief Business Officer, effective immediately. These changes reflect the Company's stage of growth and are aligned with its strategic focus on clinical development and commercialisation of its lead drug candidates.

Nick Woolf, Oxford BioMedica's Senior Vice President, Corporate Strategy, is appointed to the newly created position of Chief Business Officer. In this role, Nick will manage the Company's business activities, including partnering, strategic transactions, capital markets and investor relations. He joined Oxford BioMedica in 2002 and became an Executive Director in 2005. Prior to Oxford BioMedica, Nick was Director and Head of European Biotechnology Research at ABN AMRO and was previously at Robertson Stephens, Nomura and SBC Warburg.

In relation to Stuart Naylor's appointment to the Board, as per the announcement dated 15 April 2008, there are no further details requiring disclosure under Paragraph 9.6.13 R of the Financial Services Authority Listing Rules.

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Notes

1. Oxford BioMedica plc

Oxford BioMedica (LSE: OXB) is a biopharmaceutical company specialising in cancer immunotherapy and gene-based therapies. The Company was established in 1995, as a spin-out from Oxford University, and is listed on the London Stock Exchange.

The Company has a platform of gene delivery technologies, which are based on highly engineered viral systems. Oxford BioMedica also has in-house clinical, regulatory and manufacturing know-how. The lead product candidate is TroVax®, a therapeutic vaccine for multiple solid cancers, which is licensed to sanofi-aventis for global development and commercialisation. TroVax is in Phase III development. Oxford BioMedica has three other products in clinical development, including ProSavin®, a novel gene-based treatment for Parkinson’s disease, in a Phase I/II trial. 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 85. Oxford BioMedica has collaborations with sanofi-aventis, Wyeth, Sigma-Aldrich, MolMed and Virxsys. Technology licensees include Biogen Idec, Merck & Co, GlaxoSmithKline and Pfizer.

Further information is available at www.oxfordbiomedica.co.uk

 

For further information please contact:

 

Oxford BioMedica plc
Mike McDonald, Chief Executive Officer
Nick Woolf, Chief Business Officer

Tel: +44 (0)1865 783 000

JPMorgan Cazenove Limited
James Mitford/Gina Gibson

Tel: +44 (0)20 7588 2828

City/Financial Enquiries
Lisa Baderoon/Mark Court/Mary-Jane Johnson
Buchanan Communications

Tel: +44 (0)20 7466 5000

Scientific/Trade Press Enquiries
Holly Griffiths/Katja Stout/Claire Mosley
College Hill
Tel: +44 (0)20 7457 2020
US Enquiries
Thomas Fechtner
The Trout Group LLC
Tel: +1 646 378 2900

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