Oxford Biomedica Explained

Oxford Biomedica plc
Type:Public company
Foundation:1995
Location:Oxford
Key People:Frank Mathias (CEO)
Revenue: £89.5 million (2023)[1]
Operating Income: £(184.2) million (2023)
Net Income: £(184.2) million (2023)
Industry:Pharmaceutical industry
Website:https://oxb.com/

Oxford Biomedica is a gene and cell therapy company specialising in the development of gene-based medicines. It is listed on the London Stock Exchange.[2]

History

The company was established in 1995 as a spin out from the University of Oxford.[3] It was the subject of an initial public offering on the Alternative Investment Market in 1996.[4]

In 2018, Oxford Biomedica's gene therapy for Parkinson's disease became the subject of a commercialization deal with Axovant Sciences.[5]

In May 2019, the company announced an investment by Novo Holdings for a stake of 10.1% in Oxford Biomedica, totalling $55 million (USD) to develop its gene therapy technology.[6] The firm had already established collaborations with Sanofi, Novartis and other groups to provide lentiviral vector manufacturing.[7]

In November 2019, Microsoft announced a partnership with Oxford Biomedica to improve the next generation of cell and gene delivery technology using the cloud and machine learning, contributing large data sets for analysis via the Microsoft Azure intelligent cloud platform to develop in-silico models and novel algorithms to help provide long-term and curative treatments for a wide range of diseases.[8]

In December 2019, the company announced that it has extended its commercial supply agreement with Novartis for the manufacture of lentiviral vectors for the Novartis CAR-T portfolio including five lentiviral vectors for CAR-T products, which builds on the existing three-year commercial supply agreement signed by the parties in July 2017.[9]    

In April 2020, Oxford Biomedica announced that the company had joined a Consortium led by the Jenner Institute, Oxford University, to develop and manufacture a vaccine for COVID-19: ChAdOx1 nCov-19.[10] This is one of the vaccines currently being deployed under a conditional authorisation.[11] [12]

In September 2023, it was announced Oxford Biomedica had acquired the Illkirch-Graffenstaden-headquartered, viral vectors drug product manufacturing services company, ABL Europe from the Mérieux Institute.[13]

Notes and References

  1. Web site: Annual Results 2023. Oxford Biomedica. 29 April 2024.
  2. Web site: FTSE UK Index Series: Annual Review June 2020. 3 June 2020. 3 June 2020. 3 June 2020. https://web.archive.org/web/20200603233614/https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2596588. dead.
  3. http://www.hoovers.com/oxford-biomedica/--ID__103385--/free-co-factsheet.xhtml Hoover's | A D&B Company
  4. Book: Science, the State and the City: Britain's Struggle to Succeed in Biotechnology. 174. Geoffrey. Owen. Michael M.. Hopkins. Oxford University Press. 2016. 978-0198728009.
  5. Web site: Oxford Biomedica seals $842m Parkinson's therapy deal with Axovant. Clive. Cookson. 6 June 2018. 27 June 2018.
  6. Web site: €60M Investment to Boost Oxford Biomedica's Gene and Cell Therapies. Jonathan. Smith. 2019-05-29. Labiotech.eu. en-US. 2020-03-13.
  7. Web site: Plenty of choice remains for buyers of gene therapy. 2019-12-20. Evaluate.com. en. 2020-03-26.
  8. Web site: Transforming the landscape. Rut. Andrew. 2019-10-28. PharmaTimes. en. 2020-03-04.
  9. Web site: Oxford Biomedica extends lentiviral deal with Swiss giant. Phara Letter. 19 December 2019. 3 June 2020.
  10. Web site: Could the Oxford University/AstraZeneca COVID-19 Vaccine End the Pandemic?. 2 July 2020. 25 June 2020.
  11. Web site: Oxford Biomedica joins consortium for promising COVID-19 vaccine. 8 April 2020. Pharma Times. 3 June 2020.
  12. News: Oxford Biomedica earns U.K. nod for 4th manufacturing suite to boost COVID-19 production. 6 October 2020. Fierce Pharma. 8 May 2021.
  13. Web site: 2023-09-28 . Oxford Biomedica acquires ABL Europe . 2023-09-28 . The Business Magazine . en-GB.