Oxford BioMedica (OXB)

Business description

Oxford BioMedica is a leader in gene and cell therapy. The lentivector technology is wide ranging, covering in vivo and ex vivo vector products. The technology underpins the proprietary clinical development pipeline in addition to third party manufacturing contracts which add validation to the platform.

Stock data

Market cap.£140.5m
Last close4.55p
High / Low (52 weeks)6.0p / 3.0p
Stock market listingLN
Forecast net debt (£m)18.3
Forecast gearing ratio (%)207
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(10.8)7.8(26)
Relative *(10.9)4.7(36.3)

* % Relative to local index

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Company news

Oxford Biomedica lauds “encouraging” trial results from a Phase I/II cancer ...

Fri, 24 Feb 2017 09:00:00 GMT

Should You Buy Oxford BioMedica plc After Novartis AG Deal Sends Shares Surging?

Fri, 10 Oct 2014 13:03:23 GMT

Should you buy Blinkx plc, Oxford BioMedica plc and Intelligent Energy Holding ...

Tue, 17 May 2016 11:27:31 GMT

Why Are Lonmin Plc, Oxford BioMedica plc & Bango plc Among Today's Biggest ...

Tue, 19 Apr 2016 12:07:52 GMT

Are Aminex plc, Premier Oil PLC And Oxford BioMedica plc Set For Strong ...

Wed, 06 Apr 2016 12:10:10 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 15.9 (12.5) (16.6) (0.49) N/A N/A
2016A 27.8 (7.6) (20.0) (0.59) N/A N/A
2017E 39.0 1.2 (7.5) (0.11) N/A 45.9
2018E 41.3 5.8 (2.8) 0.04 113.8 33.2

Last updated on 05/04/2017

Investment summary

We expect Oxford BioMedica’s (OXB’s) strategic vision to come to further fruition through 2017/18 with both the potential approval of Novartis’s CTL019 in the US by year end and the possible spin-out/out-licensing of its priority development pipeline assets (OXB-102, OXB-202, and OXB-302). Full year 2016 results revealed robust growth in partnering revenues and 2017 will benefit from lower R&D expenses; we forecast a narrowing of EBITDA loss for the year. The net £17.5m equity fundraising and the Oberland debt facility has extended the current cash runway to 2019, aided by the reduction in near-term R&D; further funding and value may arise from additional manufacturing or IP licensing deals. Our revised valuation for OXB is £208.5m (6.75p/share).

Last updated on 05/04/2017

Industry outlook

Cell- and gene-therapy is the focus of much industry attention as it can dramatically alter the outcomes of many diseases. The proprietary lentivector platform is a flexible and efficient system that is promising in many indications.

Last updated on 04/04/2017

Key management

Dr. Lorenzo Tallarigo, Chairman
Nick Rodgers, Chairman
John Dawson, CEO
Tim Watts, CFO

Company address

Medawar Centre
Robert Robinson Avenue
The Oxford Science Park
Oxford
OX4 4GA
United Kingdom
+44 (0) 1865 783 000
View website