OXFORD
BIOMEDICA
Additional Commercial Opportunities For The Hypoxia Response
Element Revealed At Gene Therapy Meeting
At the recent international
gene therapy meeting in Cold Spring Harbor, USA, Oxford BioMedica
revealed how additional development work that they had successfully
completed on the Hypoxia Response Element (HRE) has improved
the performance of this key element of their gene technology
toolbox. These improvements could lead to HRE being incorporated
into many of the gene therapy treatments currently being developed
for the treatment of important diseases such as heart disease.
Since acquiring the HRE technology last year,
Oxford BioMedica has made significant improvements to the
system in order that it will work more efficiently and in
conjunction with a wide range of viral vectors over and above
the retroviral and lentiviral vectors being developed in-house.
This means that the HRE will have a central role to play in
switching on and off genes, in response to low oxygen conditions,
in a much wider range of therapeutic applications than was
envisaged when the technology was acquired. There could be
significant beneficial applications of the HRE technology
in gene therapy approaches to treating heart disease and other
cardiovascular conditions as well as in cancer.
Alan Kingsman, Chief Executive of Oxford
BioMedica commented: "The magnificent job that our scientists
have done in successfully developing HRE means that it can
now be used to add value and improve the effectiveness of
virtually all vector systems being developed currently".
"In its original form we conceived HRE as
being applicable to the treatment of cancer and in the design
of screening systems for anti-cancer drugs. It is now clear
that HRE is much more versatile and can be used also for the
treatment of cardiovascular disease and inflammation. Indeed,
we have already been approached by several of the leading
players in the gene therapy arena to discuss the potential
for incorporating HRE in their own therapeutic programmes.
This could lead to a significant source of income for the
company in terms of licence fees and potential royalty streams
as new products incorporating our HRE are registered for use."
Technical information on the role of HRE
can be provided on request. |
| Notes
1. Oxford BioMedica, established in 1995, specialises in
the development and application of gene-based therapeutics
using advanced gene delivery technologies for the treatment
of disease in the areas of oncology, viral infection, neurobiology
and genetic deficiency. Oxford BioMedica plc was floated on
the UK Alternative Investment Market of the London Stock Exchange
in December 1996. The Company raised £6 million (before expenses)
in a recent placing and rights issue. This issue provides
the necessary funds for the continued development of the Group's
candidate products.
2. Oxford BioMedica's XiaProGen technology
provides a means of selectively switching on genes in hypoxic,
low oxygen, regions. It is based on the use of the Hypoxia
Response Element, a region of DNA that controls gene expression
and responds specifically to low oxygen concentrations.
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further information contact: |
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Oxford BioMedica plc
Professor Alan
Kingsman, Chief Executive |
Tel: +44 (0) 1865 783 000 |
| City/Financial
Enquiries
Mike Wort Mexal Communications
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Tel:
+44 (0) 171 432 0394 |
| Scientific/Trade
Enquiries
Emma Johnson HCCDe
Facto Group |
Tel:
+44 (0)171 496 3300 |
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