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.

Novartis extends manufacturing collaboration

Update | Pharmaceutical & healthcare | 16/10/2014

Novartis has broadened the terms of its CTL019/CART-019 manufacturing collaboration with Oxford BioMedica, with additional incentives for capacity expansion and process optimisation. The new agreement includes $14m upfront, of which $4.3m is an equity stake, with potential to receive a total of $90m over the next three years if the objectives are met. The deal clearly validates both the LentiVector platform and, equally importantly, the production skills and technical expertise being developed.

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Stock data

Market cap.£312m
Last close10.040p
High / Low (52 weeks)11.1p / 3.8p
Stock market listingLN
Forecast net debt (£m)9.4
Forecast gearing ratio (%)85
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual13.112.3144.9
Relative *10.610.0127.6

* % Relative to local index

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