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CORPORATE MISSION
Oxford BioMedica’s
mission is to be the leading company in the development of gene-based
medicines
for
the treatment
of diseases that have an unmet medical need and to retain
a
significant economic stake in the commercialisation of its
products and technologies.
Oxford BioMedica operates to high standards of integrity
in its dealings with all parties, including shareholders, employees,
patients, healthcare professionals, partners, licensees and
the
wider community, and seeks significant returns for shareholders
through the achievement of scientific and operational excellence.
CORPORATE
STRATEGY Oxford BioMedica’s
corporate strategy is to create a profitable biopharmaceutical
company. Internal research and development activities have established
a broad pipeline, based on proprietary technologies, that addresses
diseases with unmet medical need and that potentially offer substantial
commercial return. Part of the strategy pursued by the management
team is to ensure that the Company’s value is not dependent
on a single candidate but, rather, derives from a portfolio of
candidates. While spreading the risk over a relatively diverse
portfolio, the management has maintained its main therapeutic
focus in the areas of oncology and neurotherapy.
Oxford BioMedica
is also pursuing development opportunities outside of its core
therapeutic focus where this can be achieved through collaborations
and external financing. In addition, the Company has an active
licensing strategy that provides third party access to its intellectual
property for non-exclusive research use or exclusive access for
specific applications.
There are inherent
challenges in bringing products from the laboratory to the clinic
and Oxford BioMedica has established appropriate expertise to
manage the process. In addition to its technical research skill-base,
the Company has in-house clinical, regulatory and manufacturing
know-how.
The Company’s
broad commercial strategy is to secure development and commercialisation
partners for its in-house products following proof of principle
in clinical studies. However, in such agreements, the Company
may seek to retain the rights or options to commercialise its
products in certain territories. Similarly, the Company may decide
to invest in later stage clinical trials if the management concludes
that it has adequate resources and that the risk is acceptable
in relation to the potential increased return for shareholders.
The Company would consider licensing its products at the preclinical
stage only if sufficiently attractive terms could be negotiated.
The objective of the Company’s commercial strategy is to
maximise shareholder value by balancing near-term resource requirements
and long-term benefit from product commercialisation.
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